1 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 ORANGE REPORTING 800.275.7991 REPORTED BY: DEPOSITION OF: DATE TAKEN: TIME: TAKEN BY: PLACE: MAHAMMAD A.

QURESHI May 26, 2010 1:20 p.m. - 2:58 p.m. The Plaintiff 420 South Orange Avenue 7th Floor Orlando, Florida 32801 STACY PACE, CSR, RPR, CRR, FPR Court Reporter and Notary Public * * * Defendants. * * * * * * * * * * * * * * * * vs. MAHAMMAD A. QURESHI, individually, and DENISE QURESHI, individually, FIFTH THIRD BANK, a Michigan banking corporation, as successor-in-interest by reason of acquisition of and merger with R-G CROWN BANK, FSB, Plaintiff, UNITED STATE DISTRICT COURT MIDDLE DISTRICT OF FLORIDA ORLANDO DIVISION CASE NO.: 6:09-CV-1519-ORL-18-DAB

2 1 2 3 4 5 APPEARING ON BEHALF OF THE PLAINTIFF 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 ORANGE REPORTING 800.275.7991 ALSO PRESENT: Denise Qureshi, Pro Se LAUREN M. FREEMAN, ESQUIRE OF: Brown, Van Horn & Associates, P.A. 1025 South Semoran Boulevard Suite 1093 Winter Park, Florida 32792 APPEARING ON BEHALF OF THE DEFENDANT, MAHAMMAD QURESHI SHAYNE A. THOMAS, ESQUIRE OF: Roetzel & Andress, LPA 420 South Orange Avenue 7th Floor Orlando, Florida 32801 A P P E A R A N C E S:

3 1 2 3 4 CERTIFICATE OF OATH ............................. 80 5 CERTIFICATE OF REPORTER ......................... 81 6 ERRATA PAGE ..................................... 82 7 NOTIFICATION LETTER ............................. 83 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 S T I P U L A T I O N S It is hereby agreed and so stipulated by and between the parties hereto, through their respective counsel, that the reading and signing of the transcript are expressly reserved by the Deponent. ORANGE REPORTING 800.275.7991 Plaintiff's Exhibit A ....................................... (Mortgage Note) Exhibit B ....................................... (Renewal Mortgage Note) Exhibit C ....................................... (Renewal Promissory Note) Exhibit D ....................................... (Unlimited Continuing Guaranty Agreement) Exhibit E ....................................... (Agreement of Guarantor) Exhibit F ....................................... (answer & affirmative defenses) Exhibit G ....................................... (answers to interrogatories) Exhibit H ....................................... (Agreement Regarding Closing of Loan) Exhibit I ....................................... (Loan Modification Settlement Statement) 13 15 20 30 37 41 57 71 43 E X H I B I T S I N D E X Testimony of MAHAMMAD QURESHI Direct Examination by Ms. Thomas ........... 4 Cross-Examination by Ms. Qureshi ........... 76

4 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 BY MS. THOMAS: Q record. A Q Mahammad Qureshi. Mr. Qureshi, I introduced myself prior to My name is Shayne Thomas, and I Please state your full name for the Thereupon, MAHAMMAD QURESHI, having been first duly sworn, testified under oath as follows: DIRECT EXAMINATION P R O C E E D I N G S * * * * *

(Exhibits A through H marked for identification prior to deposition.) THE COURT REPORTER: Do you solemnly swear

that the testimony you give shall be the truth, the whole truth, and nothing but the truth, so help you God? THE WITNESS: * * I do. * * *

this deposition.

represent Fifth Third in a lawsuit that has been filed against you and Denise Qureshi. I'm sure your attorney has gone over the ground rules for this deposition, but to make sure ORANGE REPORTING 800.275.7991

5 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 we're on the same page, I'm going to go ahead and go over the ground rules again for you. I'll be asking you questions. None of my If

questions are meant to be tricky or confusing. at any time you don't understand one of my

questions, please let me know and I'll be happy to rephrase it. A Q Okay?

Okay. If you do answer my question, I am going

to assume that you answered it truthfully and accurately. A Q Is that fair?

Yes. Doing great so far, but I'll ask that you

continue to answer all my questions out loud so that the court reporter over here can take down everything you say. If I see you nodding or shaking

your head or going uh-huh or uh-uh -- I know what that means now, but if I go back and read the depo transcript later, I may be unclear as to what you meant. Also, I know in the ordinary course of conversation, we could talk over one another and have a perfectly normal conversation. But so that

we have a nice, pretty deposition transcript and so that our court reporter over here doesn't kill us, ORANGE REPORTING 800.275.7991

6 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 I'll ask that you wait until I finish my question before you answer, and I'll do my best to give you the same courtesy. Okay?

I don't think that we're going to be here too long, but if at any time you need a break, let me know. And as long as a question isn't pending at

that point in time, I'll be happy to accommodate you. A Q Okay? Okay. Can you please briefly tell me about your

educational background? A research. Q A Q From where? Florida Metropolitan University, FMU. When did you get your Bachelor of Science I have a Bachelor of Science, marketing

in marketing research? A Q A Q States? A Q A 1984. So you've been here about 26 years? Yes. ORANGE REPORTING 800.275.7991 Eighty- -- 1989. I notice an accent. I'm from Pakistan. And when did you come to the United Where are you from?

7 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 year? A Q Denise Qureshi. Has anyone else ever held the position of Q A Q A Q A Q A Q Is English your first language? Second language. Do you understand the English language? Yes, I do. So I won't need an interpreter here today? No. Okay. Yes. -- language? What is your affiliation with Super Stop Petroleum, Inc.? A Petroleum. Q A Q When did you become the president? Last year. And who was the president prior to last Currently, I'm the president of Super Stop Can you read the English --

president of Super Stop Petroleum? A I don't -- no. My best of my knowledge,

that's my only one. Q Prior to becoming president, did you hold

a different position with Super Stop Petroleum? A Yeah. I was president, vice president, 800.275.7991

ORANGE REPORTING

8 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 switching back. Q So you and Denise switched back and forth

between your positions? A Q company? A Q Not currently, no. When did she cease her affiliation with Yes. Is Denise still affiliated with the

Super Stop Petroleum? A Q A Last year, 2009. Why? We got divorced and we separate (sic) out.

And she had nothing to do with the business, and she left. Q A When was Super Stop Petroleum formed? I have -- I don't. I can't guess. Maybe

somewhere 199- -- 1997, '6. Q If the Florida Division of Corporations'

website says that it was formed in September of 1995, would that -A Q A Q Yes. -- be about accurate? (Witness nods head.) And for what purpose was Super Stop

Petroleum formed? ORANGE REPORTING 800.275.7991

9 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 A stations. Q We buy gas stations, operating gas Buy and sell gas stations. So Super Stop Petroleum didn't -- doesn't

just own one gas station, it may own multiple? A Q Yes. Do you currently have 100 percent

ownership interest in Super Stop Petroleum? A Q Yes. Did Denise previously have an ownership

interest in Super Stop Petroleum? A Q Before, yes. And what percentage of ownership did she

formerly have? A I don't -Q A Q Was it a 50/50? Yeah. So she would have been a 50/50 owner in Both -- basically, we are stockholders, so

the company up through last year? A I can't recall. Because I don't see the

stock certificate.

Only thing I know about, the So I don't have the correct

president have changed. knowledge.

If I say 50 percent or 10 percent, I --

I never look at the books on it. Q Would she have had some sort of ownership ORANGE REPORTING 800.275.7991

10 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 interest in Super Stop Petroleum up through last year? A Q I believe so, yes. Since 2003, has anyone, other than you and

Denise, held an ownership interest in Super Stop Petroleum? A Q A Oh, 2003? Q Since 2005 or '3? '3. You said '5 they formed the company? No, just me and her. How many employees does Super Stop No.

Petroleum currently have? A Q A Q A Q A Q A None of the employees. No employees? No employees. Do you own any other entities? Yes. What are the names of those entities? I have a number of them. What are their names? Maq Group -- M-A-Q, G-R-O-U-P, Maq Group, Maq Management. And

Inc., Maq Management, LLC.

bunch of other -- I don't -- you know, maybe 20 different other companies. Q Are you currently employed anywhere? ORANGE REPORTING 800.275.7991

11 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 A Q Yeah, Maq Management. So not Maq Management, LLC, just Maq

Management? A Q A Q A Q A Q Maq Management, LLC, I believe. And what is your position there? I'm the manager. Are there other members? I don't believe so. And what type of company is that? It's managing the properties, real estate. So it would manage the gas stations owned

by Super Stop Petroleum? A Q Correct. Are you familiar with the loan transaction

between Fifth Third or R-G Crown Bank and Super Stop Petroleum? A I remember for R-G Crown Bank, one. I

don't remember anything with Fifth Third Bank. Q Well, just so we're on the same page, R-G

Crown and Fifth Third are essentially one and the same at this point, so -- but I'll do my best just to refer to R-G Crown for you. A Q Crown? ORANGE REPORTING 800.275.7991 Okay. What was the purpose of the loan from R-G

12 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 land? A We buy it -- investment, buy and sell, A We had the land, we bought it. Kissimmee. And

Academy Drive, 233 Academy Drive, Kissimmee. that's the first mortgage. Q

Did you plan to build something on the

that's what we do. Q Was it a vacant piece of land, or was

there a gas station on it, or something else? A Always we want to try and put the Truck And it

Stop -- and gas station and Truck Stop.

was -- had the motel on, you know, like closed motel, like 160 units on it. Ramada Inn. I think they called it

And they closed down, shut down.

And we tried to get the access to go in from Turnpike, and we was -- we was trying to put a gas station there with a big Truck Stop, and it never happened. Q A It never happened? Never happened. Then we went to the

retirement home facility, can put ACL home -THE COURT REPORTER: THE WITNESS: What home? Retirement homes.

ACL home.

We submit the plans and permitting for the city. And we got condominium plans they went ORANGE REPORTING 800.275.7991

13 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 to a couple other times. issues on it. BY MS. THOMAS: Q So when you originally purchased the land, The zoning have some

So I still did not get approved.

it had a hotel or a motel on it? A Q Yes. But it had already been closed down, or it

closed down subsequent to you purchasing the property? A When we purchased that thing, there was It was like they

the motel -- it's a closed motel.

was doing -- American Airlines, they're doing classes there. Some using -- and there is a church A day care school also.

there also on the building. Q A

All in that old hotel? Yeah. There was 37 -- 31 acres, I'm It's a big land. It's

sorry, 31 acres in there. right on Turnpike.

So there was a closed hotel with some people working -- I think only two or three rooms for some classes. And there is another building on

the property, which is -- they have a church and day care school. Q I'm going to hand you what has been

previously marked as Exhibit A to your deposition, ORANGE REPORTING 800.275.7991

14 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 if you could take a look at that for me. After you've had a chance to review it, let me know. A Q A (Reviewing document.) Okay.

Do you recognize that document? Says, "Mortgage Note." I don't remember,

but I can read it. Q signature? A Q A Q Yes. Is that her signature on page three? Yes. And she was signing the mortgage note in Are you familiar with Denise Qureshi's

her capacity as president of Super Stop Petroleum, Inc., correct? A I believe so. I was not there. Probably.

Look like they signed the papers. Q Do you have any reason to believe that

Exhibit A is not a true and accurate copy of the mortgage note executed by Denise Qureshi on behalf of Super Stop Petroleum, Inc.? A Q A No, I don't have. When did that note mature? Twenty-four month. They signed it on -So

it matured on -- first payment, September 2003. ORANGE REPORTING 800.275.7991

15 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 that's -- 2005 is the time. Q A Q August 15, 2005? Correct. Was Super Stop Petroleum represented by Yeah, August 2005.

counsel in connection with the loan? A Q A Q It's very old. I don't remember. Maybe.

Maybe, maybe not?

You don't remember? I can't recall.

Yeah, I don't remember.

And do you recall what position you held

within Super Stop Petroleum back in August 2003 when this mortgage note was executed? A president. Q I don't know. I was vice president,

I don't have no idea at that time. Well, it looks like Denise Qureshi was

president, according to this note, right? A maybe. Q I'm going to put these in the middle. If Correct, uh-huh. Maybe a vice president,

at any time you want to refer back to them, feel free. A Q Okay. I'll hand you what I have pre-marked as And if you could take

Exhibit B to your deposition.

a look at that and let me know if you've had a chance to review it. ORANGE REPORTING 800.275.7991

16 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 A Q A (Reviewing document.) Okay. I see that.

Do you recognize that document? I have conversation with -- I don't know

when they sent it to -- probably -- Crown Bank, the mortgage -- I was negotiating with him, John Jensch, on the loan documents to renew. So I think he sent

it to Denise, and she -- and she signed it. Q So you recognize this as the renewal

mortgage note? A Q Correct. And that's Denise's signature on page

three of the renewal mortgage note? A Q Yes. And, again, she signed in her capacity as

president of Super Stop Petroleum, right? A Yeah. I negotiated with them to -- I just

said -- you know, like I have more knowledge on this with John Jensch, renewing the loan, the first one, that matured. And she's the president, she was --

she signed at that time. Q And what's the maturity date of the

renewal mortgage note? A Q Fifteenth day of August, 2006. Do you understand that the renewal

mortgage note that's been marked as Exhibit B was ORANGE REPORTING 800.275.7991

17 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 the renewal of the original mortgage note that was marked as Exhibit A? A Yeah, that's mature, and then they gave me That's what you're

the renewal on this note. saying? Q

So, in essence, it's the same loan, it's

just a renewal of the same loan with an extended maturity date? A No, different balance. Transfer balance

is different and terms are different. Q A Q Right, but it's -It's not same. Was any more money funded when you -- or

when Denise executed the renewal mortgage note? A Q Not funded, no. Okay. So tell me about the circumstances

surrounding the renewal of Exhibit A. A Basically, the loan manager, he called,

John Jensch, and I said, we need to renew it because we don't have the permit. And he said he's going to And

renew for -- usually supposed to be five years. he said that, you know, just because the time is

very short, we're going to renew for 12 months, and we're going to work off our new renewal with them for five years or ten years. ORANGE REPORTING 800.275.7991

18 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 Q A Q A Okay. So you called John at the bank?

John called me. John called you? John Jensch called me in the bank and to

say, loan is mature, what do you want to do with this property? I told him we was working on two,

three zoning issues, and we was probably putting the condominiums, and we're trying to work this thing with the city. And our engineer name -- he asked me So I gave

who was doing that, give him some backup. him Civil Design Group (indeterminable) -THE COURT REPORTER: THE WITNESS: Fogle. Who?

Civil Design Group, Bill

Bill Fogle was doing the permitting on And I gave him some update. And he

the sites.

said the mortgage department -- they're trying to renew this thing, because we don't have enough information, we're going to be renewed for -- coming mature, so we'll renew for 12 months, and then we'll work out all the plans and what you guys are doing, and we're going to give you extension. BY MS. THOMAS: Q and -ORANGE REPORTING 800.275.7991 So, basically, the original note matured

19 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 A Q A Renewal --- you requested a renewal? Yeah, they asked me -- they called me up

and said, what are you going with this thing, the loan is mature. financing. I said, I want the long-term

So he said, right now we can see your

plans and all other thing what you're doing, so we can renew, extend this loan for another 12 months. And sign it, send it back to us, and then we can work this thing as extension of the new loan. So he

sent this document, I gave it to Denise, and Denise sign it. Q And you see the language on the bottom of

page three, where it says, "This is a renewal mortgage note extending the payment of the mortgage note dated August 15, 2003, in the original principal amount of $1.725 million"? A Q Yeah, I can read, yeah. So, again, Exhibit B is just a renewal of

Exhibit A, correct? A Yes, basically. Has different terms and

different balance. Q A remember. But no new money was funded? Yeah -- no, no new money. I don't

But if you have closing statement, maybe ORANGE REPORTING 800.275.7991

20 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 so. they added some taxes. I don't have no -- my

knowledge on notes -- I can look at the numbers and see if they fund it or not. statement and I can see it. Q Was Super Stop Petroleum represented by Unless you have closing

counsel in connection with the renewal of the loan or the execution of Exhibit B? A Q I don't remember. And do you recall what your affiliation

with Super Stop Petroleum was in August 2005 when the renewal was negotiated? A I think I'm the vice president. I believe

Best of my knowledge. Q I'll hand you what has been pre-marked as After you've had a

Exhibit C to your deposition.

chance to look at it, please let me know if you recognize that document. A Q A Q (Reviewing document.) What is it? It's a renewal promissory note. And is that your signature on page four of Yes.

the renewal promissory note? A Q Yes. And you executed the renewal promissory

note in your capacity as president of Super Stop ORANGE REPORTING 800.275.7991

21 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 Petroleum, Inc.? A Q Yes. Do you have any reason to believe that

Exhibit C is not a true and accurate copy of the renewal promissory note you executed on behalf of Super Stop Petroleum? A Q No. What was Denise's affiliation with the

company at the time that the renewal promissory note was executed? A I believe she was involved with some of

them because -- not very much, because we was getting a divorce at that time, 2006, and she wouldn't sign any guaranty or anything on the loan documents. Q And I signed as the president on this. Was she -- did she still have an ownership

interest in the company at the time? A I don't remember. It's the same -- the

same question, like I don't know the stock, I don't see any note. But only thing, we changed president

and vice president, you know, including -- since we opened the company. And I don't have the stock

certificates, like how much she own and how much I own. Q Right, but you believe that back in 2006 ORANGE REPORTING 800.275.7991

22 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 when the renewal promissory note was executed, she had some sort of ownership interest in Super Stop Petroleum, correct? A She -- I remember she was the director and

the -- I don't know the ownership, how much ownership she had or I had, you know. Q Right. I understand that you don't know

how much ownership she had, but she had at least one percent ownership, correct? A I don't remember. I can't say, because I If I say

was not on the certificate, you know.

one percent or 50 percent, even a hundred percent, I don't have an idea. Q When did she give up her ownership

interest in the company? A Ownership or president? That's two

different things. Q A Q A I'm -I just want to make sure I -Ownership. She moved out, I think, last year, 2009, She was in there as But she

from the -- as the president.

director on the company, since 2005.

actually completely out of -- from Super Stop Petroleum, is 2009. ORANGE REPORTING 800.275.7991

23 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 2006? A Q I think it's '4 -- '4 or '5, before this. Tell me about the circumstances sign. Q So at the time this renewal promissory

note was executed, she was still affiliated with the Super Stop Petroleum, correct? A She was involved as the capacity of I

director, like president or vice president.

don't -- I think at that time it was vice president, I believe, or she gave me title to be president. Either one of those things, you know. Q A Or she gave you what? As a president, because we have minutes to You know, like: You be president, to sign.

Just because she didn't want to sign anything to do with it, because she had divorce case going on and she didn't want to take (sic) any to do with the business, and she had no interest on it, you know. Q So your -- the divorce started back in

surrounding the renewal of Exhibit B. A Same thing. Like I said, I spoke to John

Jensch, and I said I wanted to renew this thing long term. I think he sent this thing after that. I

talked to him, I gave him some financial information, company information, you know. ORANGE REPORTING 800.275.7991 He

24 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 requested I send this thing out to him, and then he sent the renewal, which is five years, you know. Q A This renewal was five years? Yeah, 2009. If you look at it, 2005 --

five years is -- it's basically -- this one matured on 2006, I guess. years. Q Six, seven, eight, nine -- three

So they renewed three years, I believe. And you understand that the renewal

promissory note that's marked as Exhibit C is a renewal of Exhibit B, correct? A Q A Right. Again, it wasn't a new loan, was it? No, I don't know about -- the same

question I'm going to have, because I don't know if they fund us to pay the property tax or some other funding or not. I don't know. I don't recall. But

basically, we don't take cash out, any cash out. Q And were you alone involved in the

negotiation of the renewal promissory note? A Q By myself, yes. And the person that negotiated on behalf

of the bank was John Jensch? A Q A John Jensch. Anyone else? No. ORANGE REPORTING 800.275.7991

25 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 Jensch. Q At the time that the renewal promissory

note was executed, were there any other representations made about future renewals? A No. Basically saying, you know, when you

have the permittings (sic) -- I was trying to get the permitting at that time, and he was doing it -we was doing the condominiums, I think 500-some units, trying to build. And we gave some information to John I said, when we had it, we're going to be

able to refinance and do the construction loan to build this project. And the renewal is supposed to

be five -- let's see, it's supposed to be five years, and he gave only three -- you know, it was not even three years. But usually -- I have very good relationship with the bank, and we have another loan with them also. And they gave ten-year loans to us.

But this one, they're promising basically that (indeterminable) --Q A They're promising what? Promising they're going to extending (sic) They never had problems with

the loans to us.

extending the loans. Q So they promised to renew this renewal ORANGE REPORTING 800.275.7991

26 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 promissory note? A Yes. They said they're going to renew the

loan when -- because when I said renewal, they said they're going to renew the loan, after mature, you know: We will see what's going on, you know, on

your project. Q So they said, we'll see what's going on in

your project; when this loan matures, we'll see about another renewal? A Q Yes. Did you discuss another renewal with the

bank when this note matured? A Actually, I discussed -- when getting this

loan, right here, the second extension -Q A Q A Exhibit B? Right. The first extension? Right. Ten years, you know, extended same He

thing, like just straight payoff, you know. said, it's too short because the loan already

matured, so we can give you only short extension, and we work out this paperwork with you, you know. Q So when the renewal promissory note marked

as Exhibit C matured -A Uh-huh. ORANGE REPORTING 800.275.7991

27 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 Q -- on August 15, 2009, did you discuss

another renewal with the bank? A This lady came in. I negotiated with them

for interest rate reduced and remodifying the interest rates, because the interest rate was higher than was the normal industry. And we cannot (sic)

able to pay because we don't have the permitting. And she did not respond. not there. know. And she asking (sic), send us some -- your financial documents and all other things. And I Because John Jensch was

I spoke to -- I forgot her name, you

say, you know, I'm in a divorce situation, I don't have -- haven't update my financial yet, you know. And -- I forgot her name. Q A Q A Gloria? Gloria. Gladio? Yeah, it was in the Orlando office from

Fifth Third Bank. Q A Did she ever agree to renew the loan? No, she requesting my financial

information, and she said -- I said, I don't have it, just extend the loan. thing, you know. I'm requesting the same

And I -- I actually 800.275.7991

ORANGE REPORTING

28 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 course. requesting (sic) the reduced-down interest rate, so we can be able to make the payment, interest only. I offer them 36 month, or, you know, just give me interest only and reduce down our interest rate. That's what I meant. But she said, the financial I need, of And I said, look I don't have it. Denise

have the financial, you know, and she can send it to you. And she didn't want to send because we have

some issues between us. Q But the bottom line is that Fifth Third

never agreed to renew the loan, is that correct, beyond August 15, 2009? A You cannot say "not agree." They want

some financial document, which is -- we cannot provide it. Q correct? A Q Yeah, I believe. Was Super Stop Petroleum represented by But then they filed -- filed this lawsuit,

counsel in connection with the second renewal of the loan, or Exhibit C? A don't... I've been negotiating with them for a ORANGE REPORTING 800.275.7991 I don't remember. Same -- 2006. I

29 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 while, you know, regarding the extension, remodifying and all. them. Q We have another loan with

I -- even I told them, Gloria -Well, any settlement discussions or any

remodification of the loan that's taken place since the filing of the complaint, I don't want to hear about that, because they're confidential settlement negotiations, and I'll ultimately file this deposition transcript with the Court, and that's confidential. A Q A But that's before, I'm talking. Okay. Before this thing happening, I've been We have good-standing loans

negotiating with them. and all.

We want to be (sic), you know,

reduced-down interest rates because we don't get the permittings, and we have, you know, issue with the permitting. And some city -- we're trying to --

maybe we're going to end up to sell this property. So I had negotiated, but she was asking some update financial, which I don't have it -- I haven't filed my 2009 income tax, my personal income tax return. Q I cannot provide it, you know.

So there was never any written agreement

about renewal of the loan beyond August 15, 2009, ORANGE REPORTING 800.275.7991

30 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 correct? A Q I don't believe so. And Super Stop Petroleum didn't pay off

the renewal promissory note by August 15, 2009, did it? A Q A Q No. Why not? We don't have the money. And the renewal promissory note hasn't

been paid off since August 15, 2009, has it? A Q No. Have any payments been made on the note

since August 15, 2009? A Q I don't remember. Do you know whether Super Stop Petroleum

made the monthly payment due under Exhibit C on April 15, 2009? A Q I don't remember. What is your understanding of the

intention of the parties in entering into the renewal promissory note? A The intention is basically extending the

loan and making the payments, the intention is. Q I will hand you what I have marked as Same protocol. 800.275.7991 If

Exhibit D to your deposition. ORANGE REPORTING

31 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 you could, take a look at that for me and let me know if you recognize it. A Q A Q A (Reviewing document.) Okay.

Do you recognize Exhibit D? Yeah, my signature is there. What is Exhibit D? It's "Unlimited Continued Guaranty Must be...

Agreement." Q And that's your signature on the sixth

page of the guaranty? A Q Yes. Do you have any reason to believe that

Exhibit D is not a true and accurate copy of the unlimited continuing guaranty agreement you executed in favor of R-G Crown Bank? A document. I'm not their attorney, but that's the Basically, I signed it, you know. There

was guaranty agreements. Q So you don't have any reason to believe

it's not a true and accurate copy of the guaranty executed in connection with the loan? A Q No, I have no reason to believe. Did you read the Unlimited Continuing

Guaranty marked as Exhibit D prior to signing it? A Not really. ORANGE REPORTING 800.275.7991

32 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 Q A Why not? I just signed it. It said basically there I

was unlimited continuing guaranty for the loan. don't read it -- all these documents. many documents to review and sign. attorney, so... Q There's so

I'm not an

What was your understanding of the purpose

of Exhibit D? A the loan. Basically, like, Super Stop Petroleum have I was guaranteeing the loan on this one.

That's what they're showing. Q Do you recall if you were represented by

counsel in connection with the execution of this guaranty? A Q I don't remember. So you understood that you were

guaranteeing the payment of the loan to Super Stop Petroleum? A Yeah. I understand it was Super Stop I'm guaranteeing the

Petroleum making the payment.

payment, making sure Super Stop Petroleum making the payments. Q So you understood that if Super Stop

Petroleum defaulted on the line, didn't pay off the loan, that you would be liable? ORANGE REPORTING 800.275.7991

33 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 A I thought basically the same thing, like

borrower is Super Stop Petroleum, and I wanted to make sure that Super Stop Petroleum making the payment. But since Super Stop Petroleum took the

loans and the guaranty, I want to make sure I send the payments. Q That's what my understanding was.

Did you understand that if Super Stop

didn't make the payments, you would personally be liable for them? A I don't remember. I remember it was

basically if Super Stop Petroleum is not paying and we sell this thing, and not making the payment if we have a problem, that I wouldn't have to pay for myself. Q You didn't think you'd have to pay it for

yourself if Super Stop didn't pay? A Yeah, because the property is valuable and

that's -- basically, the bank gave us the loan. Based on the appraisal, bank lend us the money. And

they told us this is property, and they -- I believe they done the appraisal -- they did their own appraisal. I didn't do the appraisal. They said

there's enough value of the property, so that's -- I had no problem with them. Q I'm just a little confused. ORANGE REPORTING If you didn't

800.275.7991

34 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 think that you'd be liable for the amount due and owing under the loan in the event that Super Stop Petroleum did not make the payments, what did you think that the purpose of that guaranty was? A Guaranty make sure that Super Stop making That's

the payment, I send the payment to them. what a guaranty is.

And then I signed it because of

those circumstance (sic), because they appraised this property based off -- they value it, you know, and they have enough -- what we are borrowing, and they was lending the money based on those, so I signed the documents. Q Do you understand that that guaranty

actually says that the bank doesn't have to look to the collateral before it pursues you personally? A Believe me, I don't read it. So if I

say -- I don't read it. Q read it? A They overnight the documents, I believe, I don't know. I came Did anyone from the bank tell you not to

and I sent it to them.

here -- I don't even remember if I came here to sign or it was being mailed to me, the documents. Q sign it? Did anyone from the bank tell you not to I mean, not -- excuse me, strike that. ORANGE REPORTING 800.275.7991

35 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 Did anyone from the bank tell you not to read it before you signed it? A No. They said just send them the That's And

document; sign it and send it back to us. what they said:

We sending you some documents.

I signed it and sent it back to them. Q The big issue in this lawsuit is that it's

your contention that you were not liable for -- did not sign a guaranty in connection with Exhibit C, which is the renewal promissory note. So it's your

belief that you didn't sign a guaranty, and therefore you didn't have to make sure Super Stop made the payments on Exhibit C? A My -- my understanding was same on

the beginning, because this property -- basically paying the payment from the Super Stop Petroleum. They have nothing -- they did the value -- what do they call -- auditing, whatever the bank does, and they did the appraisal, and then basically they said, make sure you're making the payment, which is -- that's what I signed for. understanding was (sic). Q Okay. I just want to make sure I'm That's my

perfectly clear as to your understanding of Exhibit D. ORANGE REPORTING 800.275.7991

36 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 A Q Okay. Your understanding that the purpose of

Exhibit D was just that you had to make sure that Super Stop made the payments and that you would not be personally liable if Super Stop did not? your understanding? A Q Right. Again... That's

When you signed the guaranty, marked as

Exhibit D, did you understand you were guaranteeing all renewals of the original loan? A Q I don't remember. If you could look at paragraph three on

the first page for me -- first page -- it reads: Obligation of guarantor, period. is you, right? A Q Okay. -- hereby absolutely and unconditionally Guarantor -- which

delivers this guaranty to lender and hereby absolutely and unconditionally guarantees to lender and any transferees of this guaranty or of any liability guaranteed hereby, the prompt and full payment of liabilities. And if you look above paragraph three, at paragraph 2.2, it defines liabilities. What is your understanding of what ORANGE REPORTING 800.275.7991

37 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 paragraph three means? A My understanding, basically, when we buy

this property and we sold this thing or we paid them payments, or be making -- Super Stop Petroleum going to making (sic) the payment, and we are managing and guaranteeing this payment, and basically making the payment to them. And if we sold it, we're going to That's what we've been doing

get the loan pay off.

all -- all of these years. Q But, again, it was your understanding that

you would not be personally liable on this loan? A I was not understanding that I'd have to

pay from my bank account to make the payment for them. Q Did you ever terminate your guaranty in

accordance with paragraph four, which is on page two of Exhibit D? A Q I don't remember that. Did you ever send Fifth Third or R-G Crown

Bank a written document saying you were terminating your guaranty? A Q No, I didn't. I'll hand you what we'll mark as Exhibit E Please let me know when you've

to the deposition.

had a chance to review it. ORANGE REPORTING 800.275.7991

38 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 A Q A Q A Q (Reviewing document.) Yeah.

Do you recognize this document? Yes. What is it? It's "Agreement of Guarantor." Is that your signature on page two of the

agreement of guarantor? A Q Yes. And do you have any reason to believe that

Exhibit E is not a true and accurate copy of the agreement of guarantor that you executed in favor of R-G Crown Bank? A I can't give you my opinion, but this is I can tell you

basically what the documents read. what they're saying. Q That's --

Do you have any reason to believe that

this is not a true and accurate copy of what you signed? A Q opinion. was? A Same thing basically, we were buying the No. You were just telling me about your What were you going to say your opinion

property, and Super Stop Petroleum, you know, its obligation is in making the payment, and I'm the ORANGE REPORTING 800.275.7991

39 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 guarantor to make sure they make the payments. Q So, again, your understanding of this

guaranty agreement was to make sure that Super Stop Petroleum made the payments on the loan, but that you would not be personally liable in the event that Super Stop did not make the payments on the loan, correct? A My understanding was same thing, Super

Stop Petroleum have enough money to make the payment. And Super Stop Petroleum, they're not --

I'm going to send the payment, the designating people who's running the Super Stop -- who's running the Super Stop. And we just agreed I was running

the Super Stop Petroleum, and make sure they make the payments. Q But, again, it was your understanding that

you wouldn't be personally liable on the loan? A I was not like I have to pay from my I never understand that part. I

personal accounts.

assume maybe -- just understanding, basically guarantee and make sure the payment going to go through. Q A Q Did you do that? Huh? Did you do that? ORANGE REPORTING 800.275.7991

40 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 A money. Q So you didn't do it? You didn't make sure Super Stop Petroleum does not have the

that the bank was paid? A No. We've been paying for all this year,

every single month since 2003, '4, '5, '6, '7, '8, every single month, and they supposed to renew the loan. Q But Super Stop Petroleum didn't pay the

principal balance that was due and owing as of the maturity date of August 15, 2009, did it? A Right. That's why we came and -- to try

and sell the property to pay them off. Q So you didn't make sure that Super Stop

paid in accordance with your agreement? A Yeah. We wanted to make sure if we're not

paying it, we're going to sell it and pay them. That's what the understanding was. Q Were you represented by counsel in

connection with your execution of the agreement of guarantor? A Q I don't remember. Did you read the agreement of guarantor

prior to signing it? A No, I just signed it. ORANGE REPORTING 800.275.7991

41 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 A Q Q So you just signed it without knowing what

you were signing? A Q Right. I want to turn now to your answer and

affirmative defenses to Fifth Third's complaint in this lawsuit. A Q Okay. And I have marked your answer and I'll give you a

affirmative defenses as Exhibit F.

minute to review it, but I'm going to ask you some pretty specific questions. A Q A Q Okay. Go ahead.

If you take a look at paragraph 33. Okay. Paragraph 33 states: When the 2006 note

was executed by plaintiff's predecessor in interest and Super Stop, Mr. Qureshi at no time signed a personal guaranty as to the newly-created indebtedness and in no way intended to be personally liable for that subsequently created indebtedness. Do you see that? Right. Are you trying to tell me that a brand new

debt, separate and apart from the original debt, was created by the renewal promissory note marked as ORANGE REPORTING 800.275.7991

42 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 Exhibit C? A Same thing again, I'm not an attorney. I just -- basically, I

don't review the documents.

the answer is, my opinion is different than your opinion for -- regarding the promissory note. Q But, again, the -- you didn't receive any

new funds in connection with Exhibit C, correct? A Right. I -- I have no knowledge. Maybe

we did or maybe did not.

If you have a closing Because if I

statement, it will show the amount.

say, yes, then you can say, you know, like there is -- received more fund (sic). Q I'll show you a document entitled "Loan

Modification Settlement Statement," dated September 29, 2006, that you actually produced in response to our request for production in this lawsuit. Does that refresh your recollection as to whether or not any new money was funded in connection with Exhibit C? A (Reviewing document.) There is -- I don't

have the property taxes. Q A Do you see where it says "no new money"? Yeah, this here -- the document says, no

new money, but there was -- some reason they ORANGE REPORTING 800.275.7991

43 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 didn't -- they funded for the property tax. recall, you know. I don't

But that does not look like I

took any money out on there. Q And that's your signature on the second

page there? A Yeah. But there's no signature on this

for John Jensch. Q Right. MS. THOMAS: We'll mark this as Exhibit I.

(Exhibit I marked for identification.) BY MS. THOMAS: Q Why don't you think you're liable for

payment of the renewal promissory note in light of Super Stop Petroleum's default? A Because, as I say, the bank -- basically,

we buy the property with the bank appraisal, and we did our due diligency (sic), and the bank did all the due diligency (sic) for us to purchase the property, and they have enough incomes and the property have enough values. Based off that, we end up to put our good money in there, company money -- not my personal money, company money -- to buy this property. basically, the company paying those payments. want to make sure they have -- you know, every ORANGE REPORTING 800.275.7991 And I

44 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 company is run by somebody, which is like me, I was running the company, so I made sure the payment go -- to make the payments from Super Stop Petroleum. year. Q A But not the final one? As I said, we -- I was negotiating with The It was more So we was making the payment all this

them, said, the company cannot make it. interest rate too high. That was 7.45.

than market value, and we cannot (sic) able to make the payments. Q A So -I asked them -- you know, at that same

time, I asked them to reduce down the payment, interest only, and then we sell the property, which is, we had the chance to sell the property. Q So it's your position that Fifth Third

should have to look to the property for repayment of the debt? A Correct, or they sell the property, or There is, you know, enough

take the property. equity there. of the money.

I'm losing -- our company losing half Over a million dollar we invest --

maybe like $1.5 million our company invested also on this property. There is the value on the property. ORANGE REPORTING 800.275.7991

45 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 They can sell this property and... Q It's your position in the lawsuit that

you're not liable for payment of the renewal promissory note because you didn't sign another guaranty? A Is that your position? From the day one, position, I was not That's my

liable personally paying, you know. position was. Q

It's actually your position that you

wouldn't be liable even if you did sign a guaranty, because if you signed a guaranty, you'd only be guaranteeing, you know, that Super Stop paid, correct? A Q Correct. So to you, the fact that you actually

guaranteed the loan means nothing? A That's my understand (sic) was from the --

I don't have any problem with the other company. Always the company pay. company. I'm just managing the

I don't have that kind of money in my

account to pay. Q A Q A So -- but the actual -If I had --- guaranty means nothing? Huh? ORANGE REPORTING 800.275.7991

46 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 Q position? A Yeah, I don't have -- I'm not going to The bank make It's worthless to the bank; that's your

guarantee something I don't have it. us to do this paper, to sign.

The bank knows I have

a million six sitting in my bank account, my personally? the property. They did the appraisal. I believe them. They don't loan me the money; they loan

They was the one who say this is worth four-some million dollars and we're going to lend you the money. Q guaranty? A No, they said that's part of the loan Because who's going to Did the bank force you to sign that

document, you need to sign.

be -- go out to the find out who's managing the property. Q I was the one managing the property. And the bank didn't prevent you from

getting legal counsel to help you interpret these documents, did they? A No. We have a good relationship. We've been making the payment. They We

send it down.

don't default any other payment. the bank for so many years.

We have dealt with

John Jensch know us, 800.275.7991

ORANGE REPORTING

47 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 it. A our company, for years and years. We don't have

only one loan, we have two -- two other loans with them. Q Been making payments every single month. Did you sign guarantees in connection with

these other loans you're talking about? A paper. Q I don't remember. But I have it on the

That's been a long time. Paragraph 39 of your answer says:

"Furthermore, personal guarantees for business loans are generally not entered into when the lender does not view the borrower as a financial risk." What's your basis for that statement? My understanding, basically I don't have

Basically, this means I don't have the money. Basically, the

I don't have -- it's not my risk. company making the payments. Q statement? A Q Yeah.

That's your understanding of that

Further down in paragraph 39, it says:

When the 2006 note -- which is actually referring to Exhibit C, it's just different terminology -A Q Okay. "When the 2006 note was entered into,

plaintiff and Super Stop had already executed two ORANGE REPORTING 800.275.7991

48 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 previous transactions together." What previous two transactions are you talking about? Are you talking about Exhibits A and

B, the original note and then the extension of the original loan? A I think previous extension is what

we're talking about, previous extensions of the loan. Q A So Exhibits A and B? I believe so. That's the documents, the

first loan and the second loan. Q And neither Exhibit A nor B was paid off,

right, that's why it was renewed? A Yeah. Exhibit A or B, the extension of

the loan, that's what you're talking about? Q Right. So Exhibit A, which is the

original mortgage note -A Q Uh-huh. -- that loan was funded and it was never

paid off, correct? A Q Correct. And that's why you entered into Exhibit B,

to extend the maturity date of that loan, correct? A Q Correct. And then Exhibit B wasn't paid off, and ORANGE REPORTING 800.275.7991

49 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 that's why you entered into Exhibit C; is that correct? A Q A Q Correct. Again, paragraph 39 -Uh-huh. -- midway through the last sentence: It

is both reasonable and probable that plaintiff no longer viewed Super Stop as a financial risk and no longer required a personal guaranty to disburse the third set of funds under the newly executed separate note. Again, no funds were disbursed in connection with Exhibit C, correct? established that, right? A Q Yeah. What's the basis for the statement that We've already

plaintiff no longer viewed Super Stop as a financial risk? A Because they did the appraisal, new If you have the appraisal

appraisal, I believe so.

copy with you, they said the property value is four-some million dollars, you know, 4.2. Their So

appraise (sic) came up much higher, the value. there's no risk of mine. Q

So it's your belief that the bank thought ORANGE REPORTING 800.275.7991

50 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 to them. they were adequately secured by the property, and therefore they didn't ask you to secure a third guaranty? A They always -- at day one, because they -They They

they lend the money based on the security. don't lend the money because of what I have.

lend the money based on the property that they have. They -- that's why they did the security of the mortgage, the first mortgage, of the property. Q How do you know what the bank bases its

decision to loan money on? A They go back to all the appraisal. They

have own appraisal.

They charge the money for us. They going to

And they review the loan documents.

lend the money based on the property, what's the value, what's the market value. in the areas, you know. They do the comps

And they said, okay, this

is what -- it came back four-some million dollar. We end up to put our good -- all the money And they say they're going to lend us

money based off the property -- based off the property value, we're going to lend you this much money, so we can cover our risk. It means like, if there's any problems, you can have -- they were not going to lend me the ORANGE REPORTING 800.275.7991

51 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 money unless they have the -- so we paid like eight -- I don't know, like seven, six thousand dollar the bank charged us to do the due diligency (sic) and appraisal. Q Did you have any conversations with anyone

from the bank regarding whether the bank con- -considered Super Stop to be a finan- -- financial risk? A They always been, you know -- always been, They lending the They know the value

from day one, for Super Stop. money to Super Stop, you know. of the property. Q

The question is, did you have any

discussions with anyone from the bank -A Q I don't recall. -- about whether or not the bank

considered Super Stop to be a financial risk? A Q I don't recall. Paragraph 43 states: "Mr. Qureshi did not

sign a new guaranty after the 2006 note" -- which, again, we're on the same page as Exhibit C -- "and he had no intentions for the two past guarantees he had signed to be deemed to hold him personally liable for every future note renewal Super Stop executed with plaintiff." ORANGE REPORTING 800.275.7991

52 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 That statement implies to me that it was your belief that the original two guarantees that you executed, which are Exhibits D and E, you would have been personally liable under them. your understanding? A I was understanding that I'm signing the My question -- always I was That's not

same thing.

understanding I'm signing on behalf of the company. I'm the person responsible making the payment through the company, based on what the company earned. Q But no personal liability out of

Mr. Qureshi's pocket? A I never thought I had to pay from my

personal bank account, take the money from my kids and my own and pay the money. I don't have it. If

I had it, I would not -- the document never going to be issued, because they never checked them up to ask me, do you have the financial statement, show them you have the money in your bank account. Why will I sign that something up for a million seven, which I don't have the money in my bank account, a million seven? me? It's that simple. Why to let them sign

It's something I don't have;

why are you going say, okay, you have a million ORANGE REPORTING 800.275.7991

53 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 seven? Q It's your position that even had you

executed a third guaranty in connection with this renewal promissory note marked as Exhibit C, that you wouldn't be personally liable, correct? would not have come out of your pocket? A Right. The company basically is signing. You

I'm representing (sic) to the company, and I'm the officer of the company, I signed the thing personally to make sure the company make the payments. Q So, again, no matter what, even if you had

signed a third guaranty in connection with the renewal promissory note, it would be your position that you would not have to personally come out of pocket to pay off the loan, correct? A All the document done by attorneys; they I'm not an attorney

know more languages than I do.

and expert on this document, but you -Q So you would agree that you're bound by

the language in the documents? A That's your opinion -- you're an I guess I

attorney -- and my attorney opinion.

signed the paper, so whatever we can consider... Q Do you recall any specific conversations ORANGE REPORTING 800.275.7991

54 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 you had with anyone from the bank regarding your liability on either of the guarantees? A I had a conversation with John Jensch; I told him my wife cannot

last renewal, I had it.

sign that signature because we have a divorce situation. And that's the only conversation I have

with John Jensch, last renewal, when I had -- if you look at it, I signed the document as the president -- one of the documents in there. this one (indicating) -Q A Q A So you're talking about Exhibit C? Exhibit C, yeah. Okay. And I told him we have a situation, that Yeah,

my -- my family situation, and she would not sign it. So that's why he changed the document as the

president and sent it to -- if you look at it, all them signed by Denise as the president. Q I understand that you signed Exhibit C as

president of Super Stop Petroleum, but -A Q Correct. -- did you ever have any conversations

with anyone at the bank regarding your liability under either Exhibit D or Exhibit E? A I don't remember. ORANGE REPORTING 800.275.7991

55 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 Q Did anyone from the bank ever tell you you

won't be personally liable if Super Stop doesn't pay? A Q I think we never discussed... You've identified someone named Tracy

Newmark, Esquire, as someone that has knowledge regarding the loan transaction and execution of the guaranty. A Q companies? A Q counsel? A Q Past year. So what would she know about the loan Yes. And how long has she been your in-house Who is Tracy Newmark? She's in-house counsel in my office. Is she in-house counsel for all your

transaction or the execution of your guarantees? A She was -- actually was representing me as So

the divorce case also, 2004 or 2005, since then.

majority, any disputes my ex have, so we give it to them and she had the knowledge -- like we had the renewal when I signed. That's why I think she

negotiated with the bank, said Denise cannot sign it because he's going to be president. to be involved. She don't want

And we are getting defaulted on 800.275.7991

ORANGE REPORTING

56 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 2006. So they want to change my name in there as

the president and I can be able to make sure to make the payments. Q So she assisted you in connection with the

negotiation of Exhibit C? A Q Yeah, because -- yeah, I believe so. Did she assist you with the negotiation of

any of the other documents, A, B, D, or E? A No. She was not there that time. She

came after. Q A Q Who is Rab Masroor, M-A-S-R-O-O-R? He's the operation manager in the office. And what knowledge does he have regarding

the loan transaction or your execution of the guarantees? A His only knowledge he had is what I told

him or when we came here in Orlando to meet with Crown Banks. negotiation. me, and -Q A Did you say he was driving for you? Yeah, he drove me here and sat down at the He always came with me for He was -- he was actually driving for

banks, and he does the plans and permittings for us. He do construction work for us. So he can

negotiate, telling them what's going on with the ORANGE REPORTING 800.275.7991

57 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 properties and all. So John Jensch know him -- John Jensch know him very well as operation, that if I'm not there in the office, he's another person to reach to discuss any businesses. Q Did he help you negotiate Exhibits A, B,

C, D, or E? A Q Not really. Does he know anything about your liability

under the guarantees? A He knows now, basically. He knows because

we have to sell the property, because he's trying to sell this property as operation manager. And we

have to guaranty -- sell the property and pay them, your bank. Q A Q But that's the extent of his knowledge? Correct. I will show you what we have pre-marked as And I'll represent to

Exhibit G to your deposition.

you that these are the interrogatory responses that you signed. If you could, look at the last page --

or the second to the last page, actually, of that document. A Q Is that your signature? Yes. Is this your handwriting? ORANGE REPORTING 800.275.7991

58 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 MS. FREEMAN: BY MS. THOMAS: Q You've identified Lou Garcia, a loan No.

officer at Fifth Third, as someone that has knowledge regarding this loan. he have? A Q A Q A The -- Rob? Excuse me? Who, me? Lou Garcia, do you know who that is? Yeah. I spoke to him on the phone, I What knowledge does

believe so. Q Okay. So what knowledge does he have

that's relevant to this lawsuit? A Lou Garcia, she (sic) knows all the When we're negotiating the I think that's Lou

problem that's going on.

loan, she (sic) called me up. Garcia. Q A

She's (sic) from Fifth Third Bank? Lou Garcia or Gloria Gladio? Both of them. They -- one's involved,

another one's involved, I believe, so there was -Q A Q A What was Lou Garcia's involvement? The payment, I believe so, you know. What do you mean? Fifth Third Bank, right? ORANGE REPORTING That's the

800.275.7991

59 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 all. Q one -- both of them? Q Right. You've identified -- if you look

at your response to interrogatory number one -A Q Uh-huh. -- which asks for you to identify persons

with knowledge regarding issues in this lawsuit, and you said Lou Garcia, loan officer for Fifth Third. So my question to you is: What knowledge

does he have regarding the issues in this lawsuit? A The same thing, the financial they were

asking -- remember I told you that they asked -because she's asking (sic) the financial, updated, and all of the renewal. the knowledge he has. Q So he was involved with you attempting to I asked -- probably that's

renew Exhibit C beyond the maturity date of August 15, 2009? A Remodifying the loan payments amount and Something like this, yeah. If you look at your response to

interrogatory number two, which is on the same page -A Q Uh-huh. -- part of your response states: "There

was never a guaranty fully executed for the 2006 ORANGE REPORTING 800.275.7991

60 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 loan. executed note" -- which is Exhibit C -- "and the previous two guarantees have since expired." What do you mean that the previous two guarantees have expired? A Previous loan expired. They renew the

That's what my understanding was, the two

loans -- they were extending the loan for one year and then also they renew it. And the new renewal

loans came in, which is -- they were referring to this document, Exhibit C. Exhibit C show basically when they renew it, and there's the guaranty, piece of paper, whichever one I saw that -- let me see... (Pause.) One of the documents -- I don't know if this was in the document you showed me, but there's no signature been signed by both -- to both parties, means they signed -- like I signed it, they didn't sign it, you know. They're not fully executed, so

that's what it means. Q But what do you mean by your statement

that the previous two guarantees, which are Exhibits D and E, have expired? A expired. Q Where in here do you see that they've ORANGE REPORTING 800.275.7991 Means they have matured. That means

61 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 matured? A Show that to me. No, this is a guaranteeing of the -- the The loans, When the

loans are guaranteed; they was expired. when they expired, that's what it means. loan renewed, that was expired. it, that means expired, right? Q

If they don't renew

So you meant in this response, not that

the guaranty expired, but that the notes had matured? A Yeah. The first loan they got matured,

and the guaranty automatically basically finish with them unless you pay them for the amount of money, right? sign it. So that's when he says, like, first one, And second one is signed. But third one

is not fully executed.

That's what that means.

One of the document is not signed fully, both parties didn't sign. you're referring me -Q A I'm asking what you mean by your response. Okay. That's what I mean, is like I They not (sic) I think that's what

signed it, they never signed it. agree with this. Q

So they never agreed with the loan You're referring to Exhibit I?

modification? A

Yeah, I believe so. ORANGE REPORTING 800.275.7991

62 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 Q Exhibit C? A That's the renewal for the company. If Yet they modified and renewed the loan in

you look at it, the Super Stop Petroleum, right? That's the renewal for the promissory note, Super Stop Petroleum. And we never renewed the personal Like even there was

guaranty, fully executed.

renewal of the promissory note; the guaranty never got renewed. Q So you're saying that you would have had

to sign a new guaranty that specifically references Exhibit C? A That continued the same document. Like it

expired there, and so they renewed that. Q So it's your position that Exhibits D and

E actually expired? A That's my understanding. You asking my

knowledge, my understanding. capacity (sic) is, yeah. Q

That's what my

Can you point me to something in Exhibits

D or E that say they're expired? A Because each document, when they renew,

they would have to sign the new documents. Q Can you point me to something in D and E

that says this expires when -- if the loan has to be ORANGE REPORTING 800.275.7991

63 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 renewed? A amounts. Yeah, because what happened, different Every time she sign, basically, new

document, it should liability -- you can see here, this million seven, then a million four, and then it went to the -Q A I'm asking if you can -There should be a new documents to when

you sign the new loan documents. Q I'm handing you Exhibits D and E. Can you

point me to anything in Exhibits D or E that say these guarantees expired unless terminated in accordance with the agreement? A Okay. Show me what's the amounts (sic)

number in there, please. Q A I'm not -- I want you -- you've told me -I'm just saying same thing again. There

was no amounts there, number is there.

So each one,

the renewal, the new guaranty should be signed based on the amounts we owe. So this is expired when the loan expire, one of them. Then it expired -- the loan expired on That's what my understanding is

the second one. too. Q

So the fact that Exhibit D actually says ORANGE REPORTING 800.275.7991

64 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 that this guaranty shall continue to guarantee any extensions or renewals of the loan, that means it expires? A The best of my knowledge, I don't know.

But I'm saying that that's what they should be, you know. Q guaranty? A Are you saying if I paid them, it's still Every one have expiration date on it. Do you know why it's called a continuing

a guaranty left over? Q guarantee? A Q That's your legal term. Interrogatory number four, which is on "When Super Stop executed the Do you know why it's called a continuing

page nine, you state:

2006 note, Mr. Qureshi had no intent or knowledge that would (sic) ever be attacked personally for it." Why wouldn't you think you would be liable for the obligations evidenced by Exhibit C? A I've been saying the same thing from the

first questions, like Super Stop Petroleum, they was paying the payments, and basically I'm the operation -- operating it. equity to pay the payments. And they have enough And if you look at all 800.275.7991

ORANGE REPORTING

65 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 this year, I never pay any personal money. been paid by Super Stop Petroleum. Q next page. Okay. Interrogatory number five on the It all

That interrogatory asks if you read the The answer is

guarantees prior to executing them. no.

Which I believe was your answer again today,

correct? A Q Correct. And the reason that you didn't read it is We've

English is not your first language.

established that you can read English, correct? A No, I -- I didn't say -- I said I read

English, but not your complicated English as written by lawyers in documents. Q It says, number three: "He relies on

people who advise him as to whether he should sign legal documents, and this includes statements made by R-G Crown Bank's representatives." What statements did R-G Crown Bank representatives make to you? A John Jensch say, I'm going to send you the

documents, renew the loan, sign it, send it back to me. So that's the advice I took, I signed it and

sent it back to him. Q You took that as advice? ORANGE REPORTING 800.275.7991

66 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 this. Q Here, under oath, you've said that you A A Q Yes, that's what I did. Interrogatory number six, according to

your verified interrogatory responses, you did consult with an attorney or were otherwise represented by counsel in connection with your execution of the two guarantees that are marked as Exhibits D and E. Do you recall that you were represented? I don't remember this. I don't remember

were, correct? A Q Huh? You realize that you verified these

interrogatories, meaning you were saying that they were true and accurate? A Right. So I say I don't remember all

these things because it's been two thousand -whatever, '6 and '5, you know. Q Well, you signed these interrogatory So at that point in time,

responses March 18, 2010.

you remembered that you were represented by counsel? A All best of my knowledge, because I just

said that the attorney was -- Tracy Newmark was reviewing the document, because she would not sign, ORANGE REPORTING 800.275.7991

67 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 attorneys for -- that's why I can sign, I guess. That's the meaning. Q Right?

Did she assist you in negotiating, or

otherwise assist you in any way, in connection with Exhibits D and E, which are your guarantees? A Because she is talking to -- talked to me; Basically she's not able to sign

I talked to them. anything.

And Denise cannot sign any of them.

Basically that's why -Q I want you to focus on Exhibits D and E,

which are your guarantees. A Q Uh-huh. Your interrogatory response number six

says you were represented by counsel in connection with these guarantees. that's accurate. A Yeah. I just said -- I didn't say I'm I just want to make sure

never represented; I said I don't remember, you know, who was it. Because we had so many lawyers

change or somebody come in and out, you know. Q But according to these interrogatory

responses, you were represented, correct? A I said I don't remember. Correct --

basically, yes, we did.

Because we always have an

attorney in our office since 2000 -- 2001, or before ORANGE REPORTING 800.275.7991

68 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 A guaranty. that. Q Always we have in-house counsel, you know. So your in-house counsel would have been

able to review any one of these loan documents, correct? A Yeah, but I don't agree -- because six

months, some they work; six months they gone, and another one. So we had like eight, nine, ten

different lawyers pass since ten years. Q If you could, take a look at your response That

to interrogatory number 11 for me, please. interrogatory states:

"Please state whether you If so,

ever terminated the M. Qureshi guaranty.

state when the M. Qureshi guaranty was terminated and how R-G Crown Bank and/or Fifth Third were notified of the termination." And your response was: "There was no

written termination, but the notes that were personally guaranteed were paid off." What notes were paid off? There's no termination. There's no

It means -- that means they was saying

basically personal guaranty, I didn't sign continuously, so basically the note is not you personally. Q So that might mean it, you know.

It says -ORANGE REPORTING 800.275.7991

69 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 A Q Paid off --- the notes that were personally What does that mean to

guaranteed were paid off. you? A

I think that was -- the meaning was -- I'm

explaining, the meaning was basically there was renewal of the document, when they come in, and then with the company, the renewal. That's what they

mean, is, then sign the document, 2006, as a new document as a personally. it's been paid off. Q So you're not trying to infer that you So that's what it means,

paid off the loan from Exhibit A or B, correct? A Q Right. Take a look at interrogatory nine, which

is actually on the next page, because they're out of order for some reason. It basically asks about any

communications you had with Fifth Third and/or R-G Crown regarding your divorce. And it says: Is that accurate? A Asking specifically -- I don't know what I None, that you can recall.

talked to them, so I don't remember what I answer. Q Okay. Interrogatory number 13 asks you to

identify any and all documents you intend to use at ORANGE REPORTING 800.275.7991

70 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 the trial of this cause, and you identified the marriage settlement agreement between you and Denise. What does that have to do with issues in this lawsuit? A Basically, my response is, because we had

settlement, divorce, and all, so I don't have, you know, anything to do with her. Q lawsuit? A Yeah, because she had nothing to do with And So what does that have to do with this

this, you know, because she left the company. they wanted to see the document. you know. Q A I'm not following you.

That's what it is,

Okay, basically at trial because -- my

intention was she left the company, she had nothing to do with -- this is my company, I was running it from day one. She was just working there during the

time, president and vice president and all, and had obligation -- there's no obligation to her, you know. If you want to see this thing, they have

nothing to do with this, Super Stop Petroleum. Q So basically you're saying the relevance

is that Denise is no longer affiliated with Super ORANGE REPORTING 800.275.7991

71 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 Stop Petroleum? A Q Correct. What relevance does it have that Denise is

no longer affiliated with Super Stop if she wouldn't be personally liable on the guaranty? A Because my understanding was, when we -- I

was renewing the loan, 2004, '6 -- I don't -- it was 2006 when I signed this thing as president. just left. She

She had nothing to do with this company.

And then she say, you know, like I was managing and operating it from day one. I don't think John Jensch or anybody meet (sic) Denise personally. She just did all the And

bookkeepings and all the accounts work there.

she had no intention, you know, to own the company, to paying the bills. She just -- whatever I make

the money out of -- the company making the money, they go to making the payment. So when she got divorced there -- or just before the divorce, she wouldn't sign any documents. She say, I'm not signing any documents because I'm not in it with you anymore, you know. why. Q I'm showing you what has been pre-marked And I'll tell you that you produced ORANGE REPORTING 800.275.7991 So that's

as Exhibit H.

72 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 H. A Q Okay. You'll see that that document is entitled this in response to Fifth Third's request for production in this lawsuit. on page three of Exhibit H? A Q A Q A Yeah. And do you recognize that document? Uh-huh. What is it? This is basically they call agreement Is that your signature

regarding closing of the loan. Q And does it appear to be a true and

accurate copy of the "Agreement Regarding Closing of Loan" that you signed in September of 2006? A Q Yes. If you could flip to page four of Exhibit

"Joinder by Guarantors." A Q A Q A Q A Right. Is that your signature on page four? Yes. Is that Denise's signature on page four? Yes. Do you see paragraph three? Paragraph three -- page three or -ORANGE REPORTING 800.275.7991

73 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 know. Q A Q please. A If this joinder is executed in conjunction Page four. Page four, paragraph three, yeah. If you could, read that into the record,

with the modification of the loan, to induce the lender to amend the loan as set forth in the documents executed in conjunction herewith, and to agree that all of the guaranty (sic) and obligation (sic) of the undersigned and the undersigned's guaranty are and shall remain in full force and effect as though said guaranty had originally included the above matters. Q Is it your understanding that this

"Agreement Regarding Closing of Loan" was executed in connection with the renewal promissory note marked as Exhibit C? A believe. guess. Q What does paragraph three on page four of They're the same -- same documents, I Same time when we did the closing, I

Exhibit H mean to you? A As I say, I don't read the documents, you But the meaning of this, executed in

conjunction with a modification of the loan, to ORANGE REPORTING 800.275.7991

74 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 induce the lender amends (sic) -- set forth -(Reviewing document.) It says, basically, previously any guaranty in conjunction to this loan -- full force and effect as though the guaranty originally included the above matter. Q So it's your understanding that this

joinder by guarantors, which was executed in connection with Exhibit C, means that the guaranty you signed was in full force and effect, correct? A I don't know the effect on Exhibit C, but I don't know. They

it's the document for the loan.

didn't say Exhibit C, you know, on this paragraph three. Q Well, I know it doesn't say Exhibit C

because I just marked it Exhibit C. A Well, you marked -- I'm saying it's not

saying that I'm not specifically because of this (indicating). Q Do you understand?

Those -- Exhibit H was executed in

connection with the closing on the loan of Exhibit C, was it not? A Yeah, but the paragraph three, you're

asking me my opinion, or whatever the reading, but I'm not at paragraph three -- because this says ORANGE REPORTING 800.275.7991

75 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 paragraph three will show (indeterminable) -THE COURT REPORTER: THE WITNESS: I'm sorry, what?

The renewal of promissory

note does not say that here, exactly what the title is, renewal of promissory note, it does not say on the paragraph three, so I can't say Exhibit A is referencing to exhibit (sic) three. BY MS. THOMAS: Q means? A Q Right. And you didn't read the joinder by So you're not sure what paragraph three

guarantors before you signed it, did you? A Q Not really. I just signed the document.

Have we discussed all the reasons you

believe you are not liable for payments of the obligations evidenced by the renewal promissory note evidenced by Exhibit C -- or marked as Exhibit C, excuse me? A Yeah, same -- I have same answer. I was

telling you, my understanding was signing Super Stop Petroleum as the guaranty of the loans making the payments. I'm not obligation (sic) to pay --

personally to pay the payments. ORANGE REPORTING 800.275.7991

76 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 ORANGE REPORTING 800.275.7991 BY MS. QURESHI: Q First of all, isn't it true that you have Q You were never personally obligated to

make the payments? A Correct. MS. THOMAS: I don't have any more

questions for you, but Ms. Qureshi may. CROSS-EXAMINATION

never had a bank non-renew a mortgage until this bank crisis for this 2008, 2009, 2010 time frame? Have you ever had a bank non-renew a loan when it came up for renewal? A Q No. So until this bank crisis, a bank never

came and said, you must pay this amount now, they've always renewed the mortgage? A Q Correct. Okay. In this deposition, isn't it true

that you stated that you had conversations with John Jensch regarding the divorce procedure and that I didn't want to sign documents or be personally guaranteed on renewal loans? A Yes. MS. THOMAS: Object to the form.

77 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 marked E? A Q What are you asking me, I'm sorry? Okay. In the first paragraph, it says BY MS. THOMAS: Q And isn't it true that you believe you

were an officer of Super Stop Petroleum in 2003? Yes or no? A Q A Q A Q I believe so. An officer in 2005? Yes. 2006? Yes. Okay. In Exhibit E, this agreement of

guarantor, in the first paragraph, it states -after the "Super Stop Petroleum" -- in the original principal amount made on August 15, 2003, "hereby consents and agrees to the renewal note between borrower and lender as of the 15th day of August, 2005." And you signed that document, the one

that you hereby consent and agree to the renewal note between the borrower and lender, basically, in 2005, correct? A Q Yes. That's what the document says? ORANGE REPORTING Okay.

800.275.7991

78 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 And then in Exhibit -- okay. And then

this document, did you not sign this type of document on the renewal in 2006, an agreement where you hereby consent and agree to the renewal note? Did you sign another document in 2006 that says that statement, to the best of your knowledge? MS. THOMAS: THE WITNESS: think so. MS. QURESHI: MS. THOMAS: you for your time. You have the opportunity to read this deposition transcript if it is transcribed, or you can waive reading. explain that to you. THE WITNESS: MS. THOMAS: Thank you. Do you want to read the And your counsel can That's all. No further questions. Thank Object to form. I don't remember. I don't

deposition to make sure -MS. FREEMAN: that I wanted to -MS. THOMAS: MS. FREEMAN: Oh, I'm sorry. No, not ask him right now, There was a couple of things

but a couple things that I wanted to go over on the deposition. Because there were times where 800.275.7991

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79 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 ORANGE REPORTING 800.275.7991 he answered something and it wasn't clear, and then he gave the clear answer. MS. THOMAS: read, that's fine. THE WITNESS: MS. THOMAS: Yeah, go ahead. He'll read. Well, if you guys want to

(Deposition was concluded at 2:58 p.m.)

80 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 ORANGE REPORTING 800.275.7991 _____________________________ Stacy Pace, RPR, CSR, CRR, FPR Notary Public - State of Florida Commission No. DD 761417 Expires: April 30, 2012 I, STACY PACE, CSR, RPR, CRR, FPR, and Notary Public, State of Florida, certify that MAHAMMAD QURESHI personally appeared before me on the 26th day of May, 2010, and was duly sworn. WITNESS my hand and official seal this 7th day of June, 2010. STATE OF FLORIDA COUNTY OF ORANGE CERTIFICATE OF OATH

81 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 ORANGE REPORTING 800.275.7991 ______________________________ Stacy Pace, RPR, CSR, CRR, FPR I, STACY PACE, RPR, CSR, CRR, FPR, State of Florida at large, do hereby certify that the foregoing pages, numbered 1 through 79, inclusive, are a true and correct transcription of my shorthand notes of said deposition. I further certify that I am not an attorney or counsel of any of the parties, nor am I a relative or employee of any attorney or counsel of parties connected with the action, nor am I financially interested in the action. DATED this 7th day of June, 2010. STATE OF FLORIDA COUNTY OF ORANGE CERTIFICATE OF REPORTER

82 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 ERRATA SHEET DO NOT WRITE ON TRANSCRIPT ENTER CHANGES IN RE: FIFTH THIRD V. QURESHI CASE NO: 6:09-CV-1519-ORL-18-DAB DATE: May 26, 2010 DEPONENT: MAHAMMAD QURESHI _______________________________________________________ PAGE LINE CORRECTION & REASON

_______________________________________________________ _______________________________________________________ _______________________________________________________ _______________________________________________________ _______________________________________________________ _______________________________________________________ _______________________________________________________ _______________________________________________________ _______________________________________________________ _______________________________________________________ _______________________________________________________ _______________________________________________________ _______________________________________________________ _______________________________________________________ _______________________________________________________ Under penalties of perjury, I declare that I have read the foregoing document and that the facts stated are true. _______________________________________________________ Date MAHAMMAD QURESHI ORANGE REPORTING 800.275.7991

83 1 2 3 4 5 6 Dear Ms. Freeman, 7 8 9 10 11 12 13 14 15 16 17 18 19 cc: Shayne Thomas, Esquire 20 21 22 23 24 25 *Federal Civil Procedure Rule 30(e)/Florida Civil Procedure Rule 1.310(e) ORANGE REPORTING 800.275.7991 Waiver: I, __________________, hereby waive the reading & signing of my deposition transcript. _____________________________ Deponent Signature _______________ Date Sincerely, Stacy Pace, CSR, RPR, CRR, FPR Orange Reporting, Inc. It is suggested that the review of this transcript be completed within 30 days of your receipt of this letter, as considered reasonable under Federal Rules*; however, there is no Florida Statute to this regard. Your prompt attention to this matter is appreciated. Please then forward the original errata pages to Orange Reporting's office at 1416 East Robinson Street, Orlando, Florida, 32801. I've enclosed the original errata and subscription of deponent pages with your copy of the transcript so your client may read and sign. Please have them make whatever changes are necessary on the errata sheet, have them signed before a Notary Public, and then make copies of all pages for your copy of the transcript. June 7, 2010 Lauren M. Freeman, Esquire Brown, Van Horn & Associates, P.A. 1025 South Semoran Boulevard Suite 1093 Winter Park, Florida 32792 In Re: 5-26-10 deposition of Mahammad Qureshi Fifth Third v. Qureshi

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WORD INDEX <> 82:2 <0> 09 1:3 82:3 <1> 1 1:17 81:6 1.310 83:25 1.5 44:24 1.725 19:17 10 9:23 83:5 100 9:6 1025 2:8 83:3 1093 2:8 83:3 11 68:10 12 17:23 18:20 19:8 13 3:11 69:24 1416 83:12 15 3:12 15:2 19:16 27:1 28:13 29:25 30:4, 10, 13, 17 40:11 59:17 77:13 1519 1:3 82:3 15th 77:15 160 12:13 18 1:3 66:21 82:3 1984 6:23 1989 6:18 199 8:17 1995 8:20 1997 8:17 <2> 2 1:17 79:7 2.2 36:24 20 1:17 3:13 10:23 2000 67:25 2001 67:25 2003 10:4, 10 14:25 15:10 19:16 40:6 77:3, 13 2004 55:19 71:7 2005 10:7 15:1, 1, 2 20:10 22:23 24:4 55:19 77:6, 16, 23 2006 16:23 21:13, 25 23:17 24:6 28:23 41:15 42:15 47:21, 24 51:20 56:1 59:25 64:16 69:9 71:8 72:12 77:8 78:3, 5 2008 76:10 2009 8:10 22:21, 25 24:4 27:1 28:13 29:22, 25 30:4, 10, 13, 17 40:11 59:17 76:10 2010 1:16 66:21 76:10 80:6, 7 81:11 82:4 83:1 2012 80:12 233 12:2 26 1:16 6:24 82:4 83:5 26th 80:5 29 42:15 <3> 3 10:7, 8 30 3:14 80:12 83:14, 23 31 13:16, 17 32792 2:9 83:4 32801 1:20 2:4 83:12 33 41:13, 15 36 28:3 37 3:15 13:16 39 47:8, 20 49:4 <4> 4 3:3 23:18, 18 40:6 4.2 49:22 41 3:16 420 1:19 2:3 43 3:19 51:19 <5> 5 10:9 23:18 40:6 66:19 83:5 50 9:16, 16, 18, 18, 23 22:12 500 25:7 57 3:17 58 1:17 79:7 <6> 6 1:3 8:17 40:6 66:19 71:7 82:3 <7> 7 40:6 83:1 7.45 44:9 71 3:18 76 3:3 761417 80:11 79 81:6 7th 1:19 2:4 80:7 81:11 <8> 8 40:6 80 3:3 81 3:3 82 3:3 83 3:3 <A> able 25:11 27:7 28:2 44:10 56:2 67:7 68:3 absolutely 36:17, 19 Academy 12:2, 2 accent 6:19 access 12:15 accommodate 6:7 account 37:13 45:21 46:6 52:15, 20, 23 accounts 39:19 71:14 accurate 8:22 14:19 21:4 31:13, 20 38:10, 17 66:16 67:16 69:21 72:11 accurately 5:11 ACL 12:21, 23 acquisition 1:6 acres 13:16, 17 action 81:9, 10 actual 45:22 added 20:1 adequately 50:1 advice 65:23, 25 advise 65:16 affiliated 8:5 23:2 70:25 71:4 affiliation 7:10 8:8 20:9 21:8 affirmative 3:16 41:5, 9 agree 27:21 28:14 53:20 61:22 68:5 73:9 77:21 78:4 agreed 3:22 28:12 39:13 61:23 Agreement 3:14, 15, 18 29:24 31:8, 14 38:5, 7, 11 39:3 40:15, 20, 23 63:13 70:2 72:8, 11 73:15 77:10 78:3 agreements 31:18 agrees 77:14 ahead 5:1 41:12 79:5 Airlines 13:12 amend 73:7 amends 74:1 American 13:12 amount 19:17 34:1 42:10 59:18 61:12 76:15 77:13 amounts 63:3, 14, 18, 20 Andress 2:3 answer 3:16 5:9, 14 6:2 41:4, 8 42:4 47:8 65:5, 6 69:23 75:21 79:2 answered 5:10 79:1 answers 3:17 anybody 71:12 anymore 71:22 apart 41:24 appear 72:10 appeared 80:5 APPEARING 2:4, 10 appraisal 33:19, 21, 22, 22 35:19 43:16 46:9 49:19, 20, 20 50:12, 13 51:4 appraise 49:23 appraised 34:8 appreciated 83:15 approved 13:2 April 30:17 80:12 areas 50:17 asked 18:9 19:3 44:13, 14 59:11, 13 asking 5:3 27:11 29:20 59:11, 12 61:19 62:17 63:7 69:22 74:24 77:19 asks 59:5 65:4 69:17, 24 assist 56:7 67:3, 4 assisted 56:4 Associates 2:7 83:2

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800.275.7991

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assume 5:10 39:20 attacked 64:17 attempting 59:15 attention 83:15 attorney 4:24 31:16 32:6 42:2 53:18, 23, 23 66:4, 24 67:25 81:8, 9 attorneys 53:17 67:1 auditing 35:18 August 15:1, 2, 10 16:23 19:16 20:10 27:1 28:13 29:25 30:4, 10, 13 40:11 59:17 77:13, 15 automatically 61:11 Avenue 1:19 2:3 <B> Bachelor 6:12, 16 back 5:18 8:1, 2 15:10, 19 19:9 21:25 23:16 35:4, 6 50:12, 18 65:22, 24 background 6:11 backup 18:10 balance 17:9, 9 19:22 40:10 BANK 1:3, 6 11:15, 17, 18 16:4 18:1, 4 24:22 25:17 26:12 27:2, 20 31:15 33:18, 19 34:14, 18, 24 35:1, 18 37:13, 20 38:12 40:4 43:15, 16, 17 46:1, 4, 5, 6, 13, 19, 25 49:25 50:10 51:3, 6, 6, 14, 16 52:15, 20, 23 54:1, 23 55:1, 23 57:15 58:18, 25 65:19 68:14 76:9, 10, 11, 14, 14 banking 1:5 Banks 56:18, 23 Bank's 65:18 Based 33:19 34:9, 11 43:21 50:5, 7, 15, 21, 21 52:10 63:19 bases 50:10 basically 9:14 17:18 18:24 19:21 24:5, 17 25:4, 19 30:22 31:17 32:2, 9 33:1, 11, 18 35:15, 19 37:2, 6 38:14, 23 39:20 42:3 43:15, 24 47:13, 14, 15 53:7 57:11 60:11 61:11 63:3 64:23 67:7, 9, 24 68:22, 23 69:6, 17 70:6, 16, 24 72:8 74:3 77:22 basis 47:12 49:16 becoming 7:23 beginning 35:15 BEHALF 2:4, 10 14:20 21:5 24:21 52:8 belief 35:11 49:25 52:2 believe 10:3 11:4, 8 14:16, 18 20:12 21:3, 11, 25 23:7 24:7 28:19 30:2 31:12, 19, 22 33:20 34:16, 20 38:9, 16 46:9 48:10 49:20 56:6 58:12, 21, 23 61:25 65:6 73:19 75:17 77:2, 5 best 6:2 7:21 11:21 20:13 64:4 66:23 78:6 beyond 28:13 29:25 59:16 big 12:17 13:17 35:7 Bill 18:13, 14 bills 71:16 bookkeepings 71:14 books 9:24 borrower 33:2 47:11 77:15, 22 borrowing 34:10 bottom 19:13 28:11 bought 12:1 Boulevard 2:8 83:3 bound 53:20 brand 41:23 break 6:5 briefly 6:10 Brown 2:7 83:2 build 12:4 25:8, 12 building 13:14, 21 bunch 10:23 business 8:13 23:15 47:9 businesses 57:5 buy 9:1, 2 12:6, 6 37:2 43:16, 23 buying 38:23 <C> call 35:18 72:8 called 12:13 17:18 18:1, 2, 3, 4 19:3 58:17 64:7, 11 capacity 14:14 16:14 20:25 23:4 62:19 care 13:14, 23 CASE 1:3 23:13 55:19 82:3 cash 24:17, 17 cause 70:1 cc 83:18 cease 8:8 CERTIFICATE 3:3, 3 9:21 22:11 80:1 81:1 certificates 21:23 certify 80:5 81:5, 8 chance 14:2 15:25 20:16 37:25 44:16 change 56:1 67:20 changed 9:22 21:20 54:16 CHANGES 82:2 83:9 charge 50:13 charged 51:3 checked 52:18 church 13:13, 22 circumstance 34:8 circumstances 17:16 23:19 city 12:25 18:9 29:18 Civil 18:11, 13 83:23, 23 classes 13:13, 21 clear 35:24 79:1, 2 client 83:8 closed 12:12, 14 13:7, 8, 11, 19 Closing 3:18 19:25 20:3 42:9 72:9, 11 73:15, 19 74:21 collateral 34:15 come 6:21 53:6, 15 67:20 69:7 coming 18:19 Commission 80:11 communications 69:18 companies 10:24 55:11 company 8:6 9:19 10:9 11:9 21:9, 17, 22 22:15, 23 23:25 43:22, 23, 24 44:1, 2, 8, 22, 24 45:18, 19, 20 47:1, 16 52:8, 10, 10 53:7, 8, 9, 10 62:3 69:8 70:12, 17, 18 71:9, 15, 17 complaint 29:6 41:5 completed 83:14 completely 22:24 complicated 65:13 comps 50:16 con 51:6 concluded 79:7 condominium 12:25 condominiums 18:8 25:7 confidential 29:7, 10 confused 33:25 confusing 5:4 conjunction 73:5, 8, 25 74:4 connected 81:9 connection 15:5 20:6 28:21 31:21 32:13 35:9 40:20 42:7, 20 47:4 49:13 53:3, 13 56:4 66:5 67:4, 14 73:16 74:9, 21 consent 77:21 78:4 consents 77:14 consider 53:24 considered 51:7, 17 83:14 construction 25:11 56:24 consult 66:4

ORANGE REPORTING

800.275.7991

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contention 35:8 continue 5:14 64:1 Continued 31:7 62:13 Continuing 3:14 31:14, 23 32:3 64:7, 11 continuously 68:23 conversation 5:22, 23 16:3 54:3, 6 conversations 51:5 53:25 54:22 76:19 copies 83:10 copy 14:19 21:4 31:13, 20 38:10, 17 49:21 72:11 83:8, 10 corporation 1:5 Corporations 8:18 correct 9:22 11:13 14:15 15:3, 16 16:10 19:20 22:3, 9 23:3 24:10 28:12, 18 30:1 39:7 42:7 44:20 45:13, 14 48:20, 21, 23, 24 49:2, 3, 13 53:5, 16 54:21 57:17 65:7, 8, 11 66:12 67:22, 23 68:4 69:13 71:2 74:10 76:3, 17 77:23 81:6 CORRECTION 82:6 counsel 3:24 15:5 20:6 28:21 32:13 40:19 46:20 55:9, 10, 14 66:5, 22 67:14 68:1, 2 78:15 81:8, 9 COUNTY 80:3 81:3 couple 13:1 78:20, 24 course 5:21 28:7 COURT 1:1, 21 4:5 5:15, 25 12:22 18:12 29:9 75:2 courtesy 6:3 cover 50:23 created 41:18, 20, 25 crisis 76:10, 14 Cross 3:3 76:6 CROWN 1:6 11:15, 17, 20, 22, 25 16:4 31:15 37:19 38:12 56:18 65:18, 19 68:14 69:19 CRR 1:21 80:3, 10 81:5, 14 83:18 CSR 1:21 80:3, 10 81:5, 14 83:18 Currently 7:12 8:7 9:6 10:12, 25 CV 1:3 82:3 <D> DAB 1:3 82:3 DATE 1:16 16:21 17:8 40:11 48:23 59:16 64:6 82:4, 25 83:23 dated 19:16 42:14 81:11 day 13:14, 22 16:23 45:6 50:4 51:10 70:19 71:11 77:15 80:6, 7 81:11 days 83:14 DD 80:11 dealt 46:24 Dear 83:5 debt 41:24, 24 44:19 decision 50:11 declare 82:22 deemed 51:23 default 43:14 46:24 defaulted 32:24 55:25 DEFENDANT 2:10 Defendants 1:12 defenses 3:16 41:5, 9 defines 36:24 delivers 36:18 DENISE 1:10 2:13 4:23 7:18 8:2, 5 9:9 10:5 14:8, 20 15:14 16:7 17:14 19:11, 11 28:7 54:18 55:23 67:8 70:3, 25 71:3, 13 Denise's 16:11 21:8 72:22 department 18:16 depo 5:18 Deponent 3:25 82:4 83:8, 23 DEPOSITION 1:15 4:4, 21, 25 5:24 13:25 15:23 20:15 29:9 30:25 37:24 57:19 76:18 78:14, 19, 25 79:7 81:7 83:5, 22 Design 18:11, 13 designating 39:11 different 7:24 10:24 17:9, 10, 10 19:21, 22 22:17 42:4 47:22 63:2 68:8 diligency 43:17, 18 51:4 Direct 3:3 4:15 director 22:4, 23 23:5 disburse 49:9 disbursed 49:12 discuss 26:11 27:1 57:5 discussed 26:13 55:4 75:16 discussions 29:4 51:14 disputes 55:20 DISTRICT 1:1, 1 DIVISION 1:2 8:18 divorce 21:13 23:13, 16 27:13 54:5 55:19 69:19 70:7 71:20 76:20 divorced 8:12 71:19 document 14:4, 5 16:1, 2 19:11 20:17, 18 28:15 31:3, 17 35:4 37:20 38:1, 2 42:13, 21, 24 46:16 52:17 53:17, 19 54:8, 16 57:23 60:10, 15 61:16 62:13, 22 63:4 66:25 69:7, 9, 10 70:13 72:5, 17 74:2, 12 75:15 77:17, 25 78:2, 3, 5 82:22 documents 16:6 21:15 27:12 32:4, 5 34:12, 20, 23 35:5 38:14 42:3 46:21 48:10 50:14 53:21 54:9 56:8 60:14 62:23 63:8, 9 65:14, 17, 22 68:3 69:25 71:20, 21 73:8, 18, 23 76:21 Doing 5:13 13:12, 12 18:10, 14, 21 19:7 25:6, 7 37:8 dollar 44:23 50:18 51:3 dollars 46:11 49:22 Drive 12:2, 2 driving 56:19, 21 drove 56:22 due 30:16 34:1 40:10 43:17, 18 51:3 duly 4:13 80:6 <E> earned 52:11 East 83:12 educational 6:11 effect 73:12 74:5, 10, 11 eight 24:6 51:2 68:7 Eighty 6:18 Either 23:8 54:2, 24 employed 10:25 employee 81:9 employees 10:11, 13, 14, 15 enclosed 83:5 engineer 18:9 English 7:1, 3, 7 65:10, 11, 13, 13 ENTER 82:2 entered 47:10, 24 48:22 49:1 entering 30:20 entities 10:16, 18 entitled 42:13 72:17 equity 44:22 64:25 ERRATA 3:3 82:1 83:5, 9, 10 ESQUIRE 2:1, 7 55:6 83:2, 18 essence 17:6 essentially 11:20 established 49:14

ORANGE REPORTING

800.275.7991

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65:11 estate 11:10 event 34:2 39:5 evidenced 64:20 75:18, 19 ex 55:20 exactly 75:4 Examination 3:3, 3 4:15 76:6 excuse 34:25 58:8 75:20 executed 14:20 15:11 17:14 20:24 21:5, 10 22:1 23:2 25:2 31:14, 21 38:11 41:16 47:25 49:10 51:25 52:3 53:3 59:25 60:1, 18 61:15 62:7 64:15 73:5, 8, 15, 24 74:8, 20 executing 65:5 execution 20:7 32:13 40:20 55:7, 17 56:14 66:6 Exhibit 3:11, 12, 13, 14, 15, 16, 17, 18, 19 13:25 14:19 15:23 16:25 17:2, 17 19:19, 20 20:7, 15 21:4 23:20 24:9, 10 26:15, 24 28:22 30:16, 25 31:4, 6, 13, 24 32:8 35:9, 13, 24 36:3, 9 37:17, 23 38:10 41:9 42:1, 7, 20 43:9, 10 47:22 48:12, 14, 16, 22, 25 49:1, 13 51:21 53:4 54:11, 12, 19, 24, 24 56:5 57:19 59:16 60:1, 10, 11 61:24 62:2, 12 63:25 64:20 69:13 71:25 72:3, 14 73:17, 22 74:9, 11, 13, 15, 16, 20, 21 75:7, 7, 19, 19 77:10 78:1 Exhibits 4:3 48:3, 9 52:3 57:6 60:21 62:15, 20 63:10, 11 66:7 67:5, 10 expert 53:19 expiration 64:6 expire 63:21 expired 60:2, 4, 5, 22, 24 61:3, 4, 5, 6, 8 62:14, 16, 21 63:12, 21, 22, 22 expires 62:25 64:3 80:12 explain 78:16 explaining 69:6 expressly 3:25 extend 19:8 27:24 48:23 extended 17:7 26:18 extending 19:15 25:22, 24 30:22 60:7 extension 18:22 19:10 26:14, 17, 21 29:1 48:4, 6, 14 extensions 48:7 64:2 extent 57:16 <F> facility 12:21 fact 45:15 63:25 facts 82:22 fair 5:11 familiar 11:14 14:8 family 54:15 far 5:13 favor 31:15 38:11 Federal 83:14, 23 feel 15:19 Fifteenth 16:23 FIFTH 1:3 4:22 11:15, 18, 20 27:20 28:11 37:19 41:5 44:17 58:4, 18, 25 59:7 68:14 69:18 72:1 82:3 83:5 file 29:8 filed 4:23 28:17, 17 29:22 filing 29:6 final 44:6 finan 51:7 financial 23:24 27:12, 14, 22 28:6, 8, 15 29:21 47:11 49:8, 17 51:7, 17 52:19 59:10, 12 financially 81:10 financing 19:6 find 46:17 fine 79:4 finish 6:1 61:11 first 4:13 7:1 12:3 14:25 16:18 26:17 36:13, 13 48:11 50:9 61:10, 13 64:22 65:10 76:8 77:11, 20 five 17:21, 25 24:2, 3, 5 25:13, 13 65:3 flip 72:14 Floor 1:19 2:4 FLORIDA 1:1, 20 2:4, 9 6:15 8:18 80:1, 5, 11 81:3, 5 83:4, 12, 15, 23 FMU 6:15 focus 67:10 Fogle 18:14, 14 following 70:15 follows 4:14 force 46:13 73:12 74:4, 10 foregoing 81:6 82:22 forgot 27:9, 15 form 76:24 78:7 formed 8:15, 19, 25 10:9 formerly 9:13 forth 8:2 73:7 74:1 forward 83:10 four 14:24 20:21 37:16 46:10 49:22 50:18 63:5 64:14 72:14, 20, 22 73:1, 2, 21 FPR 1:21 80:3, 10 81:5, 14 83:18 frame 76:10 free 15:20 FREEMAN 2:7 58:1 78:20, 23 83:2, 5 FSB 1:7 full 4:17 36:21 73:11 74:4, 10 fully 59:25 60:18 61:15, 16 62:7 fund 20:3 24:15 42:12 funded 17:13, 15 19:23 42:19 43:1 48:19 funding 24:16 funds 42:7 49:10, 12 Further 47:20 78:11 81:8 Furthermore 47:9 future 25:3 51:24 <G> Garcia 58:3, 10, 15, 18, 19 59:7 Garcia's 58:22 gas 9:1, 1, 2, 4 11:11 12:9, 11, 17 generally 47:10 getting 21:13 26:13 46:20 55:25 give 4:6 6:2 18:10, 22 22:14 26:21 28:3 38:13 41:9 55:20 Gladio 27:18 58:19 Gloria 27:16, 17 29:3 58:19 go 5:1, 1, 18 12:15 39:21 41:12 44:3 46:17 50:12 71:18 78:24 79:5 God 4:8 going 5:1, 9, 17 6:4 13:24 15:18 17:20, 23, 24 18:18, 22 19:4 23:13 24:14 25:10, 22 26:2, 4, 5, 7 29:19 37:4, 7 38:21 39:11, 21 40:17 41:10 46:3, 11, 16 50:14, 20, 22, 25 52:17, 25 55:24 56:25 58:16 65:21 good 25:16 29:14 43:21 46:22 50:19 great 5:13 ground 4:25 5:2 Group 10:21, 21 18:11, 13 guarantee 39:21 46:4 64:1, 12 guaranteed 36:21 45:16 61:3 68:18 69:3 76:22

ORANGE REPORTING

800.275.7991

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guaranteeing 32:10, 17, 20 36:9 37:6 45:12 61:2 guarantees 36:19 47:4, 9 51:22 52:2 54:2 55:17 56:15 57:10 60:2, 4, 21 63:12 65:5 66:6 67:5, 11, 15 Guarantor 3:15 36:14, 14 38:5, 7, 11 39:1 40:21, 23 77:11 Guarantors 72:18 74:8 75:14 Guaranty 3:14 21:14 31:7, 10, 14, 18, 20, 24 32:3, 14 33:5 34:4, 5, 7, 13 35:9, 11 36:8, 18, 20 37:15, 21 39:3 41:18 45:5, 10, 11, 24 46:14 49:9 50:3 51:20 53:3, 13 55:8 57:14 59:25 60:12 61:8, 11 62:7, 8, 11 63:19 64:1, 8, 10 68:12, 13, 21, 22 71:5 73:9, 11, 12 74:4, 5, 9 75:23 guess 8:16 24:6 53:23 67:1 73:20 guys 18:21 79:3 <H> half 44:22 hand 13:24 15:22 20:14 30:24 37:23 80:7 handing 63:10 handwriting 57:25 happened 12:18, 19, 20 63:2 happening 29:13 happy 5:6 6:7 head 5:17 8:23 hear 29:6 held 7:19 10:5 15:9 He'll 79:6 help 4:8 46:20 57:6 hereto 3:23 herewith 73:8 high 44:9 higher 27:5 49:23 hold 7:23 51:23 home 12:21, 21, 22, 23 homes 12:23 Horn 2:7 83:2 hotel 13:5, 15, 19 house 55:9, 10, 13 68:1, 2 huh 5:17 15:16 26:25 39:24 45:25 48:18 49:5 59:4, 23 66:13 67:12 72:6 hundred 22:12 <I> idea 15:13 22:13 identification 4:4 43:10 identified 55:5 58:3 59:2 70:1 identify 59:5 69:25 implies 52:1 Inc. 7:11 14:21 21:1 included 73:13 74:6 includes 65:17 including 21:21 inclusive 81:6 income 29:22, 22 incomes 43:19 indebtedness 41:19, 20 indeterminable 18:11 25:20 75:1 indicating 54:10 74:19 individually 1:10, 10 induce 73:6 74:1 industry 27:6 infer 69:12 information 18:18 23:25, 25 25:9 27:23 Inn 12:14 intend 69:25 intended 41:19 intent 64:16 intention 30:20, 22, 23 70:17 71:15 intentions 51:22 interest 1:5 9:7, 10 10:1, 5 21:17 22:2, 15 23:15 27:4, 5, 5 28:1, 2, 4, 4 29:16 41:16 44:9, 15 interested 81:10 interpret 46:20 interpreter 7:5 interrogatories 3:17 66:15 interrogatory 57:20 59:3, 21 64:14 65:3, 4 66:2, 3, 20 67:13, 21 68:10, 11 69:15, 24 introduced 4:20 invest 44:23 invested 44:24 investment 12:6 involved 21:11 23:4 24:18 55:25 58:20, 21 59:15 involvement 58:22 issue 29:17 35:7 issued 52:18 issues 13:2 18:7 28:10 59:6, 9 70:4 its 38:24 50:10 <J> Jensch 16:5, 18 17:19 18:4 23:22 24:22, 23 25:10 27:8 43:7 46:25 54:3, 7 57:2, 2 65:21 71:12 76:20 John 16:5, 18 17:19 18:1, 2, 3, 4 23:21 24:22, 23 25:9 27:8 43:7 46:25 54:3, 7 57:2, 2 65:21 71:12 76:19 Joinder 72:18 73:5 74:8 75:13 June 80:7 81:11 83:1 <K> kids 52:15 kill 5:25 kind 45:20 Kissimmee 12:1, 2 know 5:6, 17, 21 6:6 9:21 10:23 12:12 14:3 15:12, 24 16:3, 17 17:22 20:16 21:19, 21 22:5, 6, 7, 11 23:8, 11, 15, 25 24:2, 13, 14, 16 25:4, 14 26:5, 5, 18, 19, 22 27:10, 13, 14, 25 28:3, 8 29:1, 15, 17, 23 30:15 31:2, 17 34:9, 21 37:24 38:24 42:11 43:2, 25 44:13, 21 45:7, 12 46:25 49:22 50:10, 17 51:2, 9, 11, 11 53:18 55:16 57:2, 3, 9 58:10, 23 60:14, 18 64:4, 6, 7, 11 66:19 67:19, 20 68:1, 24 69:22 70:8, 12, 14, 22 71:10, 15, 22 73:24 74:11, 12, 13, 15 knowing 41:1 knowledge 7:21 9:23 16:17 20:2, 13 42:8 55:6, 21 56:13, 16 57:16 58:5, 5, 13 59:6, 8, 14 62:18 64:4, 16 66:23 78:6 knows 46:5 57:11, 11 58:15 <L> lady 27:3 land 12:1, 5, 8 13:4, 17 language 7:1, 2, 3, 9 19:13 53:21 65:10 languages 53:18 large 81:5 LAUREN 2:7 83:2 lawsuit 4:22 28:17 35:7 41:6 42:17 45:2 58:14 59:6, 9 70:5, 10 72:2 lawyers 65:14 67:19 68:8 left 8:14 64:10 70:12, 17 71:9 legal 46:20 64:13 65:17

ORANGE REPORTING

800.275.7991

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lend 33:19 46:11 50:5, 6, 7, 15, 20, 22, 25 lender 36:18, 19 47:10 73:7 74:1 77:15, 22 lending 34:11 51:10 LETTER 3:3 83:14 liabilities 36:22, 24 liability 36:21 52:12 54:2, 23 57:9 63:4 liable 32:25 33:9 34:1 35:8 36:5 37:11 39:5, 17 41:20 43:12 45:3, 7, 10 51:24 52:4 53:5 55:2 64:19 71:5 75:17 light 43:13 line 28:11 32:24 82:6 little 33:25 LLC 10:22 11:2, 4 Loan 3:18, 19 11:14, 24 15:5 16:6, 18 17:6, 7, 18 18:5 19:5, 8, 10 20:6 21:14 24:12 25:11, 17 26:3, 4, 8, 14, 20 27:21, 24 28:12, 22 29:2, 5, 25 30:23 31:21 32:3, 10, 10, 17, 25 33:18 34:2 36:10 37:8, 11 39:4, 6, 17 40:8 42:13 45:16 46:7, 7, 15 47:2 48:5, 8, 11, 11, 15, 19, 23 50:11, 14 53:16 55:7, 16 56:14 58:3, 5, 17 59:7, 18 60:5, 6, 7 61:5, 10, 23 62:1, 25 63:9, 21, 22 64:2 65:22 68:3 69:13 71:7 72:9, 12 73:6, 7, 15, 25 74:4, 12, 21 76:11 loans 25:18, 23, 24 29:14 33:5 47:2, 5, 9 60:7, 9 61:3, 3 75:23 76:22 long 6:5, 6 19:5 23:22 47:7 55:13 longer 49:8, 9, 17 70:25 71:4 look 9:24 14:1, 17 15:24 20:2, 16 24:4 28:7 31:1 34:14 36:12, 23 41:13 43:2 44:18 54:8, 17 57:21 59:2, 20 62:4 64:25 68:9 69:15 looks 15:14 losing 44:22, 22 Lou 58:3, 10, 15, 17, 19, 22 59:7 loud 5:14 LPA 2:3 <M> MAHAMMAD 1:10, 15 2:10 3:2 4:12, 19 80:5 82:4, 25 83:5 mailed 34:23 majority 55:20 making 30:23 32:20, 21, 21 33:3, 12 34:5 35:20 37:4, 5, 6 38:25 44:4 46:23 47:3, 16 52:9 71:17, 18 75:23 manage 11:11 Management 10:22, 22 11:1, 2, 3, 4 manager 11:6 17:18 56:12 57:13 managing 11:10 37:5 45:19 46:17, 18 71:10 Maq 10:21, 21, 22, 22 11:1, 2, 2, 4 March 66:21 mark 37:23 43:9 marked 4:3 13:25 15:22 16:25 17:2 20:14 24:9 26:23 30:24 31:24 36:8 41:8, 25 43:10 53:4 57:18 66:6 71:24 73:17 74:16, 17 75:19 77:18 market 44:10 50:16 marketing 6:12, 17 marriage 70:2 Masroor 56:11 matter 53:12 74:6 83:15 matters 73:13 mature 14:23 17:3 18:5, 19 19:5 26:4 matured 14:25 16:19 18:24 24:5 26:12, 21, 24 60:23 61:1, 9, 10 matures 26:8 maturity 16:21 17:8 40:11 48:23 59:16 mean 34:25 58:24 60:3, 20 61:19, 20 68:24 69:3, 9 73:22 meaning 66:15 67:2 69:5, 6 73:24 means 5:18 37:1 45:16, 24 47:14 50:24 60:17, 19, 23, 23 61:4, 6, 15 64:2 68:21, 21 69:10 74:9 75:11 meant 5:4, 20 28:5 61:7 meet 56:17 71:13 members 11:7 merger 1:6 Metropolitan 6:15 Michigan 1:3 MIDDLE 1:1 15:18 midway 49:6 million 19:17 44:23, 24 46:6, 11 49:22 50:18 52:22, 23, 25 63:5, 5 mine 49:24 minute 41:10 minutes 23:10 Modification 3:19 42:14 61:24 73:6, 25 modified 62:1 money 17:13 19:23, 24 30:8 33:19 34:11 39:9 40:2 42:19, 23, 25 43:3, 22, 22, 23, 23 44:23 45:20 46:7, 12 47:14 50:5, 6, 7, 11, 13, 15, 19, 21, 23 51:1, 11 52:15, 16, 20, 22 61:12 65:1 71:17, 17 month 14:24 28:3 40:6, 7 47:3 monthly 30:16 months 17:23 18:20 19:8 68:6, 6 Mortgage 3:11, 12 12:3 14:6, 13, 20 15:11 16:5, 9, 12, 22, 25 17:1, 14 18:16 19:15, 15 48:17 50:9, 9 76:9, 16 motel 12:12, 13 13:5, 11, 11 moved 22:21 multiple 9:4 <N> name 4:17, 21 18:9 27:9, 15 56:1 named 55:5 names 10:18, 20 necessary 83:9 need 6:5 7:5 17:19 28:6 46:16 negotiate 56:25 57:6 negotiated 16:16 20:11 24:21 27:3 29:20 55:23 negotiating 16:5 28:25 29:14 44:7 58:16 67:3 negotiation 24:19 56:5, 7, 19 negotiations 29:8 neither 48:12 never 9:24 12:18, 19, 20 25:23 28:12 29:24 39:19 48:19 52:14, 17, 18 55:4 59:25 61:21, 23 62:6, 8 65:1 67:18 76:1, 9, 14 new 17:24 19:10, 23, 24 24:12 41:23 42:7, 19, 23, 25 49:19 51:20 60:8 62:11, 23 63:3, 8, 9, 19 69:9 newly 41:18 49:10

ORANGE REPORTING

800.275.7991

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Newmark 55:6, 8 66:24 nice 5:24 nine 24:6 64:15 68:7 69:15 nodding 5:16 nods 8:23 non 76:9, 11 normal 5:23 27:6 Notary 1:21 80:3, 11 83:9 Note 3:11, 12, 13 14:6, 13, 20, 23 15:11, 15 16:9, 12, 22, 25 17:1, 4, 14 18:24 19:15, 16 20:20, 22, 25 21:5, 9, 20 22:1 23:2 24:9, 19 25:2 26:1, 12, 23 30:4, 9, 12, 21 35:10 41:15, 25 42:5 43:13 45:4 47:21, 24 48:4, 17 49:11 51:20, 24 53:4, 14 60:1 62:5, 8 64:16 68:23 73:16 75:4, 5, 18 77:14, 22 78:4 notes 20:2 61:8 68:17, 19 69:2 81:7 notice 6:19 NOTIFICATION 3:3 notified 68:15 number 10:19 59:3, 21 63:15, 18 64:14 65:3, 15 66:2 67:13 68:10 69:24 numbered 81:6 numbers 20:2 <O> OATH 3:3 4:13 66:11 80:1 Object 76:24 78:7 obligated 76:1 Obligation 36:14 38:25 70:21, 21 73:10 75:24 obligations 64:20 75:18 offer 28:3 office 27:19 55:9 56:12 57:4 67:25 83:12 officer 53:9 58:4 59:7 77:3, 6 official 80:7 Oh 10:10 78:22 Okay 5:7, 8 6:3, 8, 9 7:7 11:23 14:4 15:21 16:1 17:16 18:1 29:12 31:3 35:23 36:1, 16 41:7, 12, 14 47:23 50:17 52:25 54:13 58:13 61:20 63:14 65:3 69:24 70:16 72:16 76:18 77:10, 20, 25 78:1 old 13:15 15:6 one's 58:20, 21 opened 21:22 operating 9:1 64:24 71:11 operation 56:12 57:3, 13 64:24 opinion 38:13, 21, 21 42:4, 5 53:22, 23 74:24 opportunity 78:13 Orange 1:19 2:3 80:3 81:3 83:12, 18 order 69:17 ordinary 5:21 original 17:1 18:24 19:16 36:10 41:24 48:4, 5, 17 52:2 77:12 83:5, 10 originally 13:4 73:13 74:5 ORL 1:3 82:3 ORLANDO 1:2, 20 2:4 27:19 56:17 83:12 overnight 34:20 owe 63:20 owing 34:2 40:10 owned 11:11 owner 9:18 ownership 9:7, 9, 12, 25 10:5 21:16 22:2, 5, 6, 8, 9, 14, 16, 20 <P> P.A 2:7 83:2 p.m 1:17, 17 79:7 PACE 1:21 80:3, 10 81:5, 14 83:18 PAGE 3:3 5:1 11:19 14:11 16:11 19:14 20:21 31:10 36:13, 13 37:16 38:6 43:5 51:21 57:21, 22 59:22 64:15 65:4 69:16 72:3, 14, 20, 22, 25 73:1, 2, 21 82:6 pages 81:6 83:8, 10, 10 paid 30:10 37:3 40:4, 15 45:12 48:12, 20, 25 51:1 64:9 65:2 68:18, 19 69:1, 3, 11, 13 Pakistan 6:20 paper 46:5 47:7 53:24 60:12 papers 14:17 paperwork 26:22 paragraph 36:12, 23, 24 37:1, 16 41:13, 15 47:8, 20 49:4 51:19 72:24, 25 73:2, 21 74:13, 23, 25 75:1, 6, 10 77:11, 20 Park 2:9 83:4 part 39:19 46:15 59:24 parties 3:23 30:20 60:16 61:17 81:8, 9 pass 68:8 Pause 60:13 pay 24:15 27:7 30:3 32:24 33:13, 15, 16 37:8, 13 39:18 40:9, 13, 17 45:19, 21 52:14, 16 53:16 55:3 57:14 61:12 64:25 65:1 75:24, 25 76:15 paying 33:11 35:16 40:5, 17 43:24 45:7 64:23 71:16 payment 14:25 19:15 28:2 30:16 32:17, 20, 21 33:4, 12 34:6, 6 35:16, 20 36:22 37:5, 6, 7, 13 38:25 39:10, 11, 21 43:13 44:2, 4, 14 45:3 46:23, 24 52:9 58:23 71:18 payments 30:12, 23 32:22 33:6, 8 34:3 35:13 36:4 37:4 39:1, 4, 6, 15 43:24 44:3, 11 47:3, 16 53:11 56:3 59:18 64:23, 25 75:17, 24, 25 76:2 payoff 26:19 penalties 82:22 pending 6:6 people 13:20 39:12 65:16 percent 9:6, 23, 23 22:9, 12, 12, 12 percentage 9:12 perfectly 5:23 35:24 period 36:14 perjury 82:22 permit 17:20 permitting 12:24 18:14 25:6 27:7 29:18 permittings 25:5 29:17 56:23 person 24:21 52:9 57:4 personal 29:22 39:19 41:18 43:22 47:9 49:9 52:12, 15 62:6 65:1 68:22 personally 33:8 34:15 36:5 37:11 39:5, 17 41:19 45:7 46:7 51:23 52:4 53:5, 10, 15 55:2 64:17 68:18, 24 69:2, 10 71:5, 13 75:25 76:1, 21 80:5 persons 59:5 Petroleum 7:11, 13, 20, 24 8:9, 15, 25 9:3, 7, 10 10:1, 6, 12 11:12, 16 14:14, 21 15:4, 10 16:15 20:5, 10 21:1, 6 22:3, 25 23:3 28:20 30:3, 15 32:9, 18, 20, 21, 24 33:2, 3, 4, 11 34:3 35:16 37:4 38:24 39:4, 9, 10, 14 40:1, 9 44:4 54:20 62:4,

ORANGE REPORTING

800.275.7991

8
6 64:22 65:2 70:23 71:1 75:23 77:3, 12 Petroleum's 43:14 phone 58:11 piece 12:8 60:12 PLACE 1:19 29:5 Plaintiff 1:8, 18 2:4 47:25 49:7, 17 51:25 Plaintiff's 3:10 41:16 plan 12:4 plans 12:24, 25 18:21 19:7 56:23 Please 4:17 5:6 6:10 20:16 37:24 63:15 68:10, 11 73:4 83:8, 10 pocket 52:13 53:6, 16 point 6:7 11:21 62:20, 24 63:11 66:21 position 7:19, 24 11:5 15:9 44:17 45:2, 5, 6, 8, 9 46:2 53:2, 14 62:15 positions 8:3 pre 15:22 20:14 57:18 71:24 predecessor 41:16 PRESENT 2:13 president 7:12, 14, 16, 20, 23, 25, 25 9:22 14:14 15:12, 13, 15, 16 16:15, 19 20:12, 25 21:15, 20, 21 22:16, 22 23:5, 5, 6, 7, 10, 11 54:9, 17, 18, 20 55:24 56:2 70:20, 20 71:8 pretty 5:24 41:11 prevent 46:19 previous 48:1, 2, 6, 7 60:2, 3, 5, 21 previously 9:9 13:25 74:3 principal 19:17 40:10 77:13 prior 4:4, 20 7:16, 23 31:24 40:24 65:5 Pro 2:13 probable 49:7 Probably 14:16 16:4 18:7 59:13 problem 33:13, 24 45:18 58:16 problems 25:23 50:24 procedure 76:20 83:23, 23 produced 42:15 71:25 production 42:16 72:2 project 25:12 26:6, 8 promised 25:25 promising 25:19, 21, 22 Promissory 3:13 20:20, 22, 24 21:5, 9 22:1 23:1 24:9, 19 25:1 26:1, 23 30:4, 9, 21 35:10 41:25 42:5 43:13 45:4 53:4, 14 62:5, 8 73:16 75:3, 5, 18 prompt 36:21 83:15 properties 11:10 57:1 property 13:9, 22 18:6 24:15 29:19 33:17, 20, 23 34:9 35:15 37:3 38:24 40:13 42:22 43:1, 16, 19, 20, 23 44:15, 16, 18, 20, 21, 25, 25 45:1 46:8, 18, 18 49:21 50:1, 7, 9, 15, 21, 22 51:12 57:12, 13, 14 protocol 30:25 provide 28:16 29:23 Public 1:21 80:5, 11 83:9 purchase 43:18 purchased 13:4, 10 purchasing 13:8 purpose 8:24 11:24 32:7 34:4 36:2 pursues 34:15 put 12:10, 16, 21 15:18 43:21 50:19 putting 18:7 <Q> question 5:9 6:1, 6 21:19 24:14 51:13 52:7 59:8 questions 5:3, 4, 6, 14 41:11 64:22 76:5 78:11 QURESHI 1:10, 10, 15 2:10, 13 3:2, 3 4:12, 19, 20, 23 7:18 14:20 15:14 41:17 51:19 64:16 68:12, 13 76:5, 7 78:10 80:5 82:3, 4, 25 83:5, 5 Qureshi's 14:8 52:13 <R> Rab 56:11 Ramada 12:14 rate 27:4, 5 28:1, 4 44:9 rates 27:5 29:16 reach 57:4 read 5:18 7:7 14:7 19:18 31:23 32:4 34:16, 17, 19 35:2 38:14 40:23 65:4, 9, 11, 12 73:3, 23 75:13 78:13, 18 79:4, 6 82:22 83:8 reading 3:24 74:24 78:15 83:21 reads 36:13 real 11:10 realize 66:14 really 31:25 57:8 75:15 reason 1:6 14:18 21:3 31:12, 19, 22 38:9, 16 42:25 65:9 69:17 82:6 reasonable 49:7 83:14 reasons 75:16 recall 9:20 15:8, 9 20:9 24:16 32:12 43:2 51:15, 18 53:25 66:8 69:20 receipt 83:14 receive 42:6 received 42:12 recognize 14:5 16:2, 8 20:17 31:2, 4 38:2 72:5 recollection 42:18 record 4:18 73:3 reduce 28:4 44:14 reduced 27:4 28:1 29:16 refer 11:22 15:19 references 62:11 referencing 75:7 referring 47:21 60:9 61:18, 24 refinance 25:11 refresh 42:18 regard 83:15 Regarding 3:18 29:1 42:5 51:6 54:1, 23 55:7 56:13 58:5 59:6, 9 69:19 72:9, 11 73:15 76:20 relationship 25:17 46:22 relative 81:9 relevance 70:24 71:3 relevant 58:14 relies 65:15 remain 73:11 remember 11:17, 18 14:6 15:6, 7, 8 19:25 20:8 21:18 22:4, 10 28:23 30:14, 18 32:15 33:10, 10 34:22 36:11 37:18 40:22 47:6 54:25 59:11 66:9, 9, 17 67:18, 23 69:23 78:8 remembered 66:22 remodification 29:5 remodifying 27:4 29:2 59:18 renew 16:6 17:19, 21, 23 18:17, 19 19:8 23:22 25:25 26:2, 4 27:21 28:12 40:7 59:16 60:5, 8, 11 61:5 62:22 65:22 76:9, 11 Renewal 3:12, 13 16:8, 12, 22, 24 17:1, 4, 7, 14, 17, 24

ORANGE REPORTING

800.275.7991

9
19:1, 2, 14, 19 20:6, 11, 20, 22, 24 21:5, 9 22:1 23:1, 20 24:2, 3, 8, 10, 19 25:1, 12, 25 26:3, 9, 11, 23 27:2 28:21 29:25 30:4, 9, 21 35:10 41:25 43:13 45:3 51:24 53:4, 14 54:4, 7 55:22 59:13 60:8 62:3, 5, 8 63:19 69:7, 8 73:16 75:3, 5, 18 76:12, 22 77:14, 21 78:3, 4 renewals 25:3 36:10 64:2 renewed 18:19 24:7 48:13 61:5 62:1, 6, 9, 14 63:1 76:16 renewing 16:18 71:7 repayment 44:18 rephrase 5:7 REPORTED 1:21 Reporter 1:21 3:3 4:5 5:15, 25 12:22 18:12 75:2 81:1 Reporting 83:18 Reporting's 83:12 represent 4:22 57:19 representations 25:3 representatives 65:18, 20 represented 15:4 20:5 28:20 32:12 40:19 66:5, 8, 22 67:14, 18, 22 representing 53:8 55:18 request 42:16 72:1 requested 19:2 24:1 requesting 27:22, 24 28:1 required 49:9 research 6:13, 17 reserved 3:25 respective 3:23 respond 27:8 response 42:16 59:3, 20, 24 61:7, 19 67:13 68:9, 16 70:6 72:1 responses 57:20 66:3, 21 67:22 responsible 52:9 retirement 12:21, 23 return 29:23 review 14:2 15:25 32:5 37:25 41:10 42:3 50:14 68:3 83:12 Reviewing 14:4 16:1 20:18 31:3 38:1 42:21 66:25 74:2 right 13:18 15:15 16:15 17:11 19:6 21:25 22:7 24:11 26:14, 16, 18 36:7, 15 40:12 41:3, 22 42:8 43:8 48:13, 16 49:14 53:7 58:25 59:2 61:6, 13 62:4 66:17 67:2 69:14 72:19 75:12 78:23 risk 47:11, 15 49:8, 18, 24 50:23 51:8, 17 Rob 58:7 Robinson 83:12 Roetzel 2:3 rooms 13:20 RPR 1:21 80:3, 10 81:5, 14 83:18 Rule 83:23, 25 rules 4:25 5:2 83:14 run 44:1 running 39:12, 12, 13 44:2 70:18 <S> sat 56:22 saw 60:13 saying 17:5 25:4 37:20 38:15 62:10 63:17 64:5, 9, 21 66:15 68:21 70:24 74:17, 18 says 8:19 14:6 19:14 34:14 42:23, 24 47:8, 20 61:13 62:25 63:25 65:15 67:14 68:25 69:20 74:3, 25 77:20, 25 78:5 school 13:14, 23 Science 6:12, 16 Se 2:13 seal 80:7 Second 7:2 26:14 28:21 43:4 48:11 57:22 61:14 63:23 secure 50:2 secured 50:1 security 50:5, 8 see 5:16 9:20 16:1 19:6, 13 20:3, 4 21:20 25:13 26:5, 7, 8 41:21 42:23 60:13, 25 63:4 70:13, 22 72:17, 24 sell 9:2 12:6 29:19 33:12 40:13, 17 44:15, 16, 20 45:1 57:12, 13, 14 Semoran 2:8 83:3 send 19:9 24:1 27:11 28:8, 9 33:5 34:6 35:3, 4 37:19 39:11 46:23 65:21, 22 sending 35:5 sent 16:4, 6 19:11 23:23 24:2 34:21 35:6 54:17 65:24 sentence 49:6 separate 8:12 41:24 49:10 September 8:19 14:25 42:15 72:12 set 49:10 73:7 74:1 Settlement 3:19 29:4, 7 42:14 70:2, 7 seven 24:6 51:2 52:22, 23 53:1 63:5 shaking 5:16 SHAYNE 2:1 4:21 83:18 SHEET 82:1 83:9 short 17:23 26:20, 21 shorthand 81:6 show 42:10, 13 52:19 57:18 60:11 61:1 63:14 75:1 showed 60:15 showing 32:11 71:24 shut 12:14 sic 8:12 23:14 25:5, 22 27:6, 11 28:1 29:15 34:8 35:22 37:5 42:12 43:17, 18 44:10 45:17 49:23 51:4 53:8 58:15, 17, 18 59:12 61:21 62:19 63:14 64:17 71:13 73:9, 10 74:1 75:7, 24 sign 19:9, 12 21:14 23:11, 11, 12 32:5 34:22, 25 35:4, 9, 11 45:4, 10 46:5, 13, 16 47:4 51:20 52:21, 23 54:5, 15 55:23 60:18 61:14, 17 62:11, 23 63:3, 9 65:16, 22 66:25 67:1, 7, 8 68:22 69:9 71:20 76:21 78:2, 5 83:8 signature 14:9, 11 16:11 20:21 31:5, 9 38:6 43:4, 6 54:5 57:23 60:16 72:2, 20, 22 83:23 signed 14:17, 24 16:7, 14, 20 21:15 31:17 32:2 34:7, 12 35:2, 6, 21 36:8 38:18 40:25 41:1, 17 45:11 51:23 53:9, 13, 24 54:8, 18, 19 55:22 57:21 60:16, 17, 17 61:14, 16, 21, 21 63:19 65:23 66:20 71:8 72:12 74:10 75:14, 15 77:17 83:9 signing 3:24 14:13 31:24 40:24 41:2 52:6, 8 53:7 71:21 75:22 83:21 simple 52:24 Sincerely 83:17 single 40:6, 7 47:3 sites 18:15 sitting 46:6

ORANGE REPORTING

800.275.7991

10
situation 27:13 54:6, 14, 15 Six 24:6 46:6 51:2 66:2 67:13 68:5, 6 sixth 31:9 sold 37:3, 7 solemnly 4:5 somebody 44:1 67:20 sorry 13:17 75:2 77:19 78:22 sort 9:25 22:2 South 1:19 2:3, 8 83:3 specific 41:11 53:25 specifically 62:11 69:22 74:18 spoke 23:21 27:9 58:11 STACY 1:21 80:3, 10 81:5, 14 83:18 standing 29:14 started 23:16 STATE 1:1 4:17 64:15 68:11, 13 80:1, 5, 11 81:3, 5 stated 76:19 82:22 Statement 3:19 19:25 20:4 42:10, 14 47:12, 18 49:16 52:1, 19 60:20 78:6 statements 65:17, 19 States 6:22 41:15 51:19 59:24 68:11 77:11 station 9:4 12:9, 11, 17 stations 9:1, 2, 2 11:11 Statute 83:15 stipulated 3:22 stock 9:21 21:19, 22 stockholders 9:14 Stop 7:10, 12, 20, 24 8:9, 15, 24 9:3, 7, 10 10:1, 5, 11 11:12, 15 12:11, 11, 17 14:14, 21 15:4, 10 16:15 20:5, 10, 25 21:6 22:2, 24 23:3 28:20 30:3, 15 32:9, 17, 19, 21, 23 33:2, 3, 4, 7, 11, 16 34:2, 5 35:12, 16 36:4, 5 37:4 38:24 39:3, 6, 9, 10, 12, 13, 14 40:1, 9, 14 41:17 43:14 44:3 45:12 47:25 49:8, 17 51:7, 10, 11, 17, 24 54:20 55:2 62:4, 6 64:15, 22 65:2 70:23 71:1, 4 75:22 77:3, 12 straight 26:19 Street 83:12 strike 34:25 submit 12:24 subscription 83:5 subsequent 13:8 subsequently 41:20 successor 1:5 suggested 83:12 Suite 2:8 83:3 Super 7:10, 12, 20, 24 8:9, 15, 24 9:3, 7, 10 10:1, 5, 11 11:12, 15 14:14, 21 15:4, 10 16:15 20:5, 10, 25 21:6 22:2, 24 23:3 28:20 30:3, 15 32:9, 17, 19, 21, 23 33:2, 3, 4, 7, 11, 16 34:2, 5 35:12, 16 36:4, 5 37:4 38:24 39:3, 6, 8, 10, 12, 13, 14 40:1, 9, 14 41:17 43:14 44:3 45:12 47:25 49:8, 17 51:7, 10, 11, 17, 24 54:20 55:2 62:4, 5 64:15, 22 65:2 70:23, 25 71:4 75:22 77:3, 12 supposed 17:21 25:12, 13 40:7 sure 4:24, 25 22:19 32:21 33:3, 5 34:5 35:12, 20, 23 36:3 39:1, 3, 14, 21 40:3, 14, 16 43:25 44:2 53:10 56:2 67:15 75:10 78:19 surrounding 17:17 23:20 swear 4:5 switched 8:2 switching 8:1 sworn 4:13 80:6 <T> take 5:15 14:1 15:23 23:14 24:17 31:1 41:13 44:21 52:15 68:9 69:15 TAKEN 1:16, 18 29:5 talk 5:22 talked 23:24 67:6, 7 69:23 talking 29:11 47:5 48:3, 3, 7, 15 54:11 67:6 tax 24:15 29:22, 23 43:1 taxes 20:1 42:22 tell 6:10 17:16 23:19 34:18, 24 35:1 38:14 41:23 55:1 71:25 telling 38:20 56:25 75:22 ten 17:25 25:18 26:18 68:7, 8 term 19:5 23:23 64:13 terminate 37:15 terminated 63:12 68:12, 13 terminating 37:20 termination 68:15, 17, 20 terminology 47:22 terms 17:10 19:21 testified 4:13 Testimony 3:2 4:6 Thank 78:11, 17 thing 9:21 13:10 18:8, 17 19:4, 7, 10 21:20 23:21, 22, 23 24:1 26:19 27:25 29:13 33:1, 12 37:3 38:23 39:8 42:2 52:7 53:9 59:10 63:17 64:21 70:22 71:8 things 22:17 23:8 27:12 66:18 78:20, 24 think 6:4 12:13 13:20 16:6 20:12 22:21 23:6, 18, 23 25:7 33:15 34:1, 4 43:12 48:6 55:4, 22 58:17 61:17 64:19 69:5 71:12 78:9 THIRD 1:3 4:22 11:15, 18, 20 27:20 28:11 37:19 44:17 49:10 50:2 53:3, 13 58:4, 18, 25 59:7 61:14 68:14 69:18 82:3 83:5 Third's 41:5 72:1 THOMAS 2:1 3:3 4:16, 21 13:3 18:23 43:9, 11 58:2 75:9 76:4, 24 77:1 78:7, 11, 18, 22 79:3, 6 83:18 thought 33:1 49:25 52:14 thousand 51:2 66:18 three 13:20 14:11 16:12 18:7 19:14 24:6, 7 25:14, 15 36:12, 23 37:1 65:15 72:3, 24, 25, 25 73:2, 21 74:14, 23, 25 75:1, 6, 8, 10 TIME 1:17 5:5 6:5, 7 15:1, 13, 19 16:20 17:22 21:9, 13, 17 23:1, 6 25:1, 6 41:17 44:14 47:7 56:9 63:3 66:21 70:20 73:19 76:10 78:12 times 13:1 78:25 title 23:7 75:5 today 7:5 65:6 told 18:6 29:3 33:20 54:4, 14 56:16 59:11 63:16 Tracy 55:5, 8 66:24 transaction 11:14 55:7, 17 56:14 transactions 48:1, 2 transcribed 78:14 transcript 3:24 5:19, 24 29:9

ORANGE REPORTING

800.275.7991

11
78:14 82:2 83:8, 10, 12, 22 transcription 81:6 Transfer 17:9 transferees 36:20 trial 70:1, 16 tricky 5:4 tried 12:15 Truck 12:10, 11, 17 true 14:19 21:4 31:13, 20 38:10, 17 66:16 72:10 76:8, 18 77:2 81:6 82:23 truth 4:6, 7, 7 truthfully 5:10 try 12:10 40:12 trying 12:16 18:8, 16 25:5, 8 29:18 41:23 57:12 69:12 turn 41:4 Turnpike 12:16 13:18 Twenty 14:24 two 13:20 18:6 22:16 37:16 38:6 47:2, 2, 25 48:2 51:22 52:2 59:21 60:2, 3, 6, 21 66:6, 18 type 11:9 78:2 <U> uh 5:17, 17, 17 15:16 26:25 48:18 49:5 59:4, 23 67:12 72:6 ultimately 29:8 unclear 5:19 unconditionally 36:17, 19 undersigned 73:10 undersigned's 73:11 understand 5:5 7:3 16:24 22:7 24:8 32:19 33:7 34:13 36:9 39:19 45:17 54:19 74:19 understanding 30:19 32:7 33:6 35:14, 22, 24 36:2, 6, 25 37:2, 10, 12 39:2, 8, 16, 20 40:18 47:13, 17 52:5, 6, 8 60:6 62:17, 18 63:23 71:6 73:14 74:7 75:22 understood 32:16, 23 UNITED 1:1 6:21 units 12:13 25:8 University 6:15 Unlimited 3:14 31:7, 14, 23 32:3 update 18:15 27:14 29:21 updated 59:12 use 69:25 usually 17:21 25:16 <V> vacant 12:8 valuable 33:17 value 33:23 34:9 35:17 44:10, 25 49:21, 23 50:16, 16, 22 51:11 values 43:20 Van 2:7 83:2 verified 66:3, 14 vice 7:25 15:12, 16 20:12 21:21 23:5, 6 70:20 view 47:11 viewed 49:8, 17 vs 1:9 <W> wait 6:1 waive 78:15 83:21 Waiver 83:21 want 12:10 15:19 18:5 19:5 22:19 23:12, 14 28:9, 14 29:6, 15 33:5 35:23 41:4 43:25 55:24 56:1 63:16 67:10, 15 70:22 76:21 78:18 79:3 wanted 23:22 33:2 40:16 70:13 78:21, 24 way 41:19 67:4 website 8:19 Well 11:19 15:14 29:4 57:3 66:20 74:15, 17 79:3 went 12:20, 25 63:6 we're 5:1 6:4 11:19 17:23, 24 18:8, 18, 21 25:10 29:18, 19 37:7 40:16, 17 46:11 48:7 50:22 51:21 58:16 we've 37:8 40:5 46:23 49:13 65:10 whichever 60:13 wife 54:4 Winter 2:9 83:4 WITNESS 4:9 8:23 12:23 18:13 75:3 78:8, 17 79:5 80:7 work 17:24 18:8, 20 19:10 26:22 56:24 68:6 71:14 working 13:20 18:6 70:19 worth 46:10 worthless 46:1 WRITE 82:2 written 29:24 37:20 65:13 68:17 <Y> Yeah 7:25 9:17 11:1 13:16 15:1, 8 16:16 17:3 19:3, 18, 18, 24 24:4 27:19 28:19 31:5 32:19 33:17 38:1 40:16 42:24 43:6 46:3 47:19 48:14 49:15 54:9, 12 56:6, 6, 22 58:11 59:19 61:10, 25 62:19 63:2 67:17 68:5 70:11 72:4 73:2 74:23 75:21 79:5 year 7:15, 17 8:10 9:19 10:2 22:21 25:18 40:5 44:5 55:15 60:7 65:1 years 6:24 17:21, 25, 25 24:2, 3, 5, 7, 7 25:14, 15 26:18 37:9 46:25 47:1, 1 68:8 <Z> zoning 13:1 18:7

ORANGE REPORTING

800.275.7991